Get ready for a potential bounce play! $ENA is testing the limits of a falling wedge, right at the bottom of a major support zone that's been rock-solid since August. This sweet spot is where two trendlines converge, creating a high-probability confluence area. If the bulls step in to defend this zone, we might witness a breakout from the wedge, followed by a swift move towards the $0.45 range. And if momentum picks up steam, the next target could be the $1.26+ resistance level, where the last major selloff originated. The setup is looking crisp – a falling wedge paired with a demand zone = potential for a significant bounce!
