Technical Analysis and trading signal $ENA /USDT🚀🚀🎯🎯🎯🚀
Current Price: $1.1351
24h High: $1.2120
24h Low: $1.1242
Key Levels:
Support: $1.1242 (recent 24h low)
Resistance: $1.2120 (24h high)
SAR Indicator: 1.1599 (shows potential for an upward shift)
Trade Signal:
Momentum:
The price has seen a decrease of 6.25% over the last 24 hours, indicating bearish momentum. However, the SAR indicator suggests a potential reversal, signaling a possible entry point for a long position if the price begins to stabilize above the SAR level of $1.1599.
Strategy:
Entry Point: Above $1.1599 (SAR level)
Stop-Loss: Below $1.1242 (support level)
Take-Profit Targets:
Target 1: $1.1740 (first resistance level)
Target 2: $1.2000 (mid-level resistance)
Target 3: $1.2120 (24h high)
Trade Momentum:
Short-Term Momentum: Bearish in the past 24 hours, but a bullish reversal could occur once the price breaches $1.1599.
Long-Term Outlook: The market is currently in a consolidation phase, and further confirmation is needed for a sustained upward trend.
