This chart displays a potential bullish breakout for ENAUSDT on a lower time frame, forming a classic ascending triangle pattern. The price has been making higher lows while repeatedly testing the horizontal resistance around $0.303, signaling increasing buying pressure.
A long position has been initiated right at the breakout point, with:
Entry: Around $0.303
Stop Loss: Below the ascending trendline, around $0.290
Take Profit: Targeting above $0.34, offering a highly favorable risk-to-reward ratio.
This setup suggests a continuation of the bullish move if the breakout holds, especially if accompanied by increased volume.