The current market data for ENA/USDT (Ethena to USDT) shows the price of 1.1440 USDT. Support & Resistance Levels:
• Support Level 1: 1.10 USDT
• Support Level 2: 1.08 USDT
• Resistance Level 1: 1.15 USDT
• Resistance Level 2: 1.18 USDT
Market Sentiment:
Given the current price of 1.1440 USDT, the market is in a neutral to slightly bullish stance, as it is trading close to its resistance level. If 1.15 USDT breaks, there could be further upside potential. However, if 1.10 USDT support level fails, we might see a dip towards 1.08 USDT.
Trading Strategy:
🔷 ENA/USDT
🟩 Long - The market is leaning towards Long positions due to the breakout potential.
♻️ Leverage: 10x (Can be adjusted based on risk tolerance)
👉 Entry: 1.1440 USDT
Target 🎯:
• 1.15 USDT
• 1.16 USDT
• 1.17 USDT
• 1.18 USDT
Stop Loss ⛔:
• 1.08 USDT
