🚀 $ENA /USDT Technical Analysis: Will the Bulls Take Charge? 🎯
![](https://bin.bnbstatic.com/image/admin_mgs_image_upload/20240329/2ec2f51d-813a-43da-8b1a-0d27b8ad744b.png)
Current Price: $0.6696 (-9.82%)
24h Range: $0.6520 - $0.7715
The ENA/USDT pair is trading near its 24h low ($0.6520), showing signs of bearish pressure. However, oversold indicators hint at a possible recovery. Here's a detailed trade setup to capitalize on the next move.
Key Levels to Watch
Resistance Zones:
$0.7000 – First hurdle to clear for bullish momentum.
$0.7300 – A breakout zone to aim for.
$0.7715 – Strong resistance and 24h high.
Support Levels:
$0.6520 – Immediate support zone.
$0.6300 – If breakdown occurs, this is the next target.
$0.6000 – Critical support level.
Indicators Analysis
RSI (14): At 28, signaling oversold conditions and potential for a reversal.
MACD: Bearish crossover but flattening, suggesting weakening bearish momentum.
EMA (20 & 50): Price is below both EMAs, maintaining a bearish structure.
Trade Signal 🎯
Trade Setup:
Entry Point: $0.6700 (Confirmation above this level required for bullish setup)
Targets:
🎯 Target 1: $0.7000 – Initial recovery level.
🎯 Target 2: $0.7300 – Breakout zone to aim for.
🎯 Target 3: $0.7715 – Full recovery target.
Stop-Loss: $0.6450 (To minimize risk below the recent low).
Trade Momentum
Short-Term: Bearish, with strong selling pressure near $0.6520.
Mid-Term: Neutral to Bullish, if the price stabilizes and breaks $0.7000 resistance.
📌 Pro Tip: Monitor trading volume closely for confirmation. High-risk traders can short below $0.6520 with a target of $0.6300, while cautious traders should wait for a confirmed breakout above $0.6700.
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