ENA/USDT
Pattern: Descending triangle or wedge-like structure
Momentum: Bullish bounce forming near key trendline support
Indicator: Bullish signals emerging on Prime Oscillator (green dot + rising histogram)
Key Levels:
Buy Zone: $0.295 – $0.311 (price currently in this zone)
Support Levels:
Major support: $0.280 – $0.295
Ultimate invalidation: $0.234
Resistance Levels:
First target: $0.375 (top of the wedge)
Major breakout target: $0.476 (supply zone overhead)
✅ Bullish Confluences:
Price holding above the ascending trendline.
ChartPrime Oscillator showing bullish signal (green dot and shift in momentum).
Price currently retesting the previous breakout structure, offering a potential re-entry.
⚠️ Risks:
If price breaks below $0.276, it could trigger a deeper correction.
Be cautious if Bitcoin weakens sharply.