MyCryptoParadise_Simon

ENS/USDT Primed for a Bullish Journey? πŸ‘€πŸš€ENS Analysis

Long
BINANCE:ENSUSDT   ENS / TetherUS
πŸ’Ž Paradisers, let's focus on #ENSUSDT, as it's currently showcasing a pattern that hints at a potent bullish swing from its demand zone.

πŸ’Ž Observing #EthereumNameService recent market behavior, we noted a significant 46% drop following a rejection at a major supply level. Despite this, it's shown resilience at the $14.90 demand level, hinting at an upward trajectory.

πŸ’Ž However, with the price struggling to set new highs or break past previous ones, short-term market sentiment leans towards selling. Yet, the $14.90 mark stands out as a crucial juncture, likely to trigger another strong bullish response upon retesting.

πŸ’Ž As seasoned traders, we're always thinking one step ahead. If ENS doesn't kick off the expected climb from the $14.90 demand level and instead breaks below, we're ready to pivot our strategy. We'd then anticipate a bullish bounce from a lower demand level at $11.72, keeping in mind that falling below this level could lead to further declines.


Trade closed: target reached

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