$ENA /USDT BULLISH OUTLOOK 🚀

ENA/USDT is currently showing signs of potential bullish continuation after bouncing off a support level. The price action indicates increasing buying pressure, suggesting an upward move might be on the horizon.

Key Levels

* Current Price: $0.7465

* Resistance: The immediate resistance level is the recent high at $0.7506. A clear break and close above this level would confirm stronger bullish momentum. The 24h high at $0.7527 is also a key resistance to watch.

* Support: The primary support level is around the $0.7301 area, which acted as a strong bounce point. The moving averages (MA7: $0.7394, MA25: $0.7395, MA99: $0.7380) are also converging around $0.7380 - $0.7395, providing dynamic support.

Trade Setup: Long Entry

* Entry: Consider a long entry on a confirmed break and close above $0.7471, or a retest of the MA confluence around $0.7380 - $0.7395 if the price pulls back.

* Target 1 (TP1): $0.7506 (recent high).

* Target 2 (TP2): $0.7527 (24h high), potentially extending higher if momentum continues.

* Stop Loss (SL): Place your stop loss below the recent swing low or below the MA support, around $0.7290, to protect against a reversal.

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