Despite the bear market that struck most cryptocurrencies in Q3, ENS managed to keep generating revenue. While witnessing growth in terms of its network and daily activity, the future outlook for ENS seems positive.
ENS is trading at $13.13 and it had appreciated by 8.36% over the past seven days. However, in the past 24 hours, its volume depreciated by 6.47%. At press time ENS had captured 0.03% of the total crypto market.
ENS technically is above a very important support between 13 to 12.5 and breaking this support in daily or weekly time frames will open the road to 8.5 and 7.37 supports (decline by -30% to -40%)
We may open a very discreet trade according to the current support.
#ENS/USDT
🟢Entry price: 13.15 to 12.5
🎯Targets:
|> 14.17(Sell 40%)
|> 14.95 (Sell 30%)
|> 18.73 (Sell 15%)
|> 22.75 (Sell 15%)
🔴Stop-loss: 11. 35 (1D or two 4h candles Close under it)
➡️Recommended risk: 0.25%
➡️Recommended Position Size : 4%
please note that due to the current market situation this trade signal is considered risky, so we must stick together to the stop lose and risk management strategy and not to gamble with our money.
stay safe and trade safe
thank you!