$ENA /USDT is approaching a key demand zone - potential bullish reversal!
$ENA has consistently formed lower highs and lower lows, adhering to the downtrend. However, the price is now approaching a key historical demand zone, where previous highs were established. This area, located between $0.2850 and $0.2875, has formed a strong base in the past, and any bounce from here could lead to a sharp rise.
Watchlist setup (potential buy):
• Watch for confirmation of a bullish candle near $0.2850
• A breakout above $0.2940 may trigger momentum.
• Targets: $0.2980 or more if strength continues.
Market outlook:
If the bulls defend the demand zone again, we may see a shift in price structure. Wait for a strong reaction before entering - confirmation is key. Pro tip: Monitor lower timeframes (15 minutes/1 hour) for any bullish divergence or breakout signals before entering a buy position.$ENA