$ENA/USDT – Market sentiment cautiously optimistic! 📈
Currently, the trading price of $ENA/USDT is $0.4106, down from $0.4236, indicating significant selling pressure in the short term. However, the price remains above key support levels, showing some rebound potential.
**Key levels to watch:**
- **Resistance level:** $0.4236, breaking this level may open up upward potential.
- **Support level:** $0.3834, if broken, caution is advised.
📊 **Trading setup:**
- **Long entry:** Consider entering in the range of $0.4100-$0.4120.
- **Target 1:** $0.4200
- **Target 2:** $0.4250
- **Stop loss:** $0.3900
- **Short entry:** If the price rebounds near $0.4230 and shows selling pressure signals, consider entering.
- **Target 1:** $0.4000
- **Target 2:** $0.3950
- **Stop loss:** $0.4250
**Market outlook:**
Currently, $ENA/USDT is oscillating near key support levels, with market sentiment leaning cautiously. If the closing price breaks above $0.4236, it may attract more buyers, while a drop below $0.3834 would warrant vigilance for further downside risks.
⚠️ **Risk management:**
Be sure to manage positions reasonably, keeping each trade's risk within 1-2% of capital. Stick to stop-loss strategies to avoid emotional trading.
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