$ENA : Bullish Trend in Play โ Key Levels for Potential Gains๐ฅ๐
ENA is currently trading at $0.6980, marking a 5.33% increase over the past 24 hours. With the price near the 7-day moving average, this indicates a possible consolidation phase. If the price continues to rise, the 99-day moving average at $0.7497 could serve as a potential resistance level. Positive momentum from both the MACD and KDJ indicators suggests that the trend could remain bullish, while the RSI indicates a neutral position, showing no overbought or oversold conditions.
For a potential trade setup, consider entering a long position if the price breaks above the $0.7426 resistance level, confirmed by high volume. Place a stop loss just below the $0.6520 support level, and target the next resistance level at $0.7518 for potential profit. Watch the moving averages and volume to confirm the trend and maximize trading opportunities. Stay vigilant and happy trading! ๐
#SOLETFsOnTheHorizon #JUPBuybacks
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