Trading Signal Alert for $ENS /USDT

Overview

ENS/USDT has shown significant upward momentum, with a sharp rally reaching a 24-hour high of $47.47 before experiencing a pullback to the current price of $38.76. The coin has gained +16.36% in the last 24 hours. It appears to be stabilizing around the $38.50-$39.00 range, indicating potential consolidation before the next move.

Trading Plan

Current Price: $38.76

Entry Price: $39.00 (on confirmation of upward momentum above $39.00)

Key Resistance Levels:

1. $43.00

2. $47.50

3. $50.00

Key Support Levels:

1. $35.00

2. $32.00

3. $27.90

Take-Profit Targets:

1. $42.50

2. $46.50

3. $49.90

Stop Loss:

$34.50 (to limit downside risk)

Cautionary Note: Traders should monitor price action closely around $39.00 for signs of stability or a breakout above resistance levels. A breakdown below $35.00 could signal further downside potential. Use appropriate risk management strategies and adjust positions based on market conditions.

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