$ENS Trading Signal – Key Support Retested
$ENS is trading at $34.74, showing a recovery of +3.86% after a pullback from its 24-hour high of $37.84. The price has bounced from its critical support zone near $34.00, signaling potential for a reversal.
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Short Entry (If the downtrend resumes):
Entry Range: $34.50 - $35.00
Targets:
Target 1: $33.50
Target 2: $32.50
Stop Loss: $35.50
Long Entry (If the recovery continues):
Entry Range: $34.70 - $35.20
Targets:
Target 1: $36.50
Target 2: $37.80
Stop Loss: $34.00
Observations:
A break above $35.20 could attract more buyers, pushing the price toward the $36.50 resistance zone.
A failure to hold above $34.50 might lead to further selling pressure toward $33.50.
🔑 Advice: Wait for confirmation of a bounce or breakdown before entering trades. Use tight stop-loss levels to manage risks effectively.