$ENA /USDT: DeFi Breakout in Progress – Don’t Miss Out! 🔥💯
$ENA /USDT has surged by 10.69%, now trading at $0.9082, as it approaches a critical resistance level. The 4-hour chart reveals strong buying momentum, pushing the price out of its consolidation phase. This breakout signals the potential for a larger bullish trend in the DeFi sector, presenting an exciting trading opportunity.
Trade Plan for ENA/USDT:
Entry Zone: Enter between $0.90 and $0.92 for an ideal position.
Target Levels:
First Target: $0.95
Second Target: $1.05
Final Target: $1.15
Stop-Loss: Set a stop-loss below $0.85 to manage risk effectively.
Technical Highlights:
A breakout above the purple resistance zone confirms bullish momentum.
Increasing volume supports the likelihood of sustained upward movement.
Proper risk management is crucial, as follow-through price action will determine the trend's strength.
Actionable Insight:
Keep an eye on the breakout and adjust your trade plan as needed. This could be your chance to capitalize on the growing DeFi momentum!
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