๐ $ENA /USDT 4H Chart โ Wedge Breakout Strategy
ENA is consolidating inside a descending wedge โ a classic bullish reversal pattern.
Technicals suggest a strong bounce setup:
โ MACD: Bearish momentum fading
โ RSI: Bullish divergence near wedge support
โ Structure: Price holding multi-touch uptrend at $0.28
๐ฏ Trade Setup (Spot or Futures)
Entry (Buy):
๐น $0.2920โ$0.2960 (current range or breakout retest)
Stop Loss (SL):
๐ป Below wedge support โ $0.2730 (tight risk)
Targets (TP):
๐ฏ TP1: $0.3250 (local horizontal resistance)
๐ฏ TP2: $0.3480 (wedge top + breakout validation)
๐ฏ TP3: $0.3850โ0.40 (measured move target)
Risk:Reward Ratio:
โ๏ธ 1:2.5 to 1:4 depending on TP level
๐ง Bonus Tip:
Watch for volume spike on breakout. Thatโs your green light confirmation.
Low volume = false breakout risk โ ๏ธ
๐ This is a low-risk, high-reward wedge play โ but only valid above $0.28.
