$ENA – RANGE COMPRESSION AFTER SPIKE! BULLS NEED TO BREAK $0.624 FOR MOMENTUM
$ENA spiked to $0.6411 before facing rejection and pulling back into a sideways range. Price is now hovering around $0.6190, forming higher lows with compression against $0.624 resistance. If bulls reclaim control, a breakout above $0.624 could send price back toward the $0.64 zone.
Long Trade Setup:
• Entry: $0.6170 – $0.6200
• Target 1: $0.6300
• Target 2: $0.6410
• Stop Loss: $0.6095
Watch for a bullish engulfing candle or strong breakout volume above $0.624 to confirm the next leg higher.