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$ENA /USDT 4H Chart – Wedge Breakout Strategy
ENA is consolidating inside a descending wedge — a classic bullish reversal pattern.
Technicals suggest a strong bounce setup:
✅ MACD: Bearish momentum fading
✅ RSI: Bullish divergence near wedge support
✅ Structure: Price holding multi-touch uptrend at $0.28
🎯 Trade Setup (Spot or Futures)
Entry (Buy):
🔹 $0.2920–$0.2960 (current range or breakout retest)
Stop Loss (SL):
🔻 Below wedge support – $0.2730 (tight risk)
Targets (TP):
🎯 TP1: $0.3250 (local horizontal resistance)
🎯 TP2: $0.3480 (wedge top + breakout validation)
🎯 TP3: $0.3850–0.40 (measured move target)
Risk:Reward Ratio:
✔️ 1:2.5 to 1:4 depending on TP level
🧠 Bonus Tip:
Watch for volume spike on breakout. That’s your green light confirmation.
Low volume = false breakout risk ⚠️
🚀 This is a low-risk, high-reward wedge play — but only valid above $0.28.
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