Looking to long $ENA

(Scenario A, to 1$) and where is why 👇

🧭 1D Chart (Macro Context)

📌 Structure & Trend

- Price broke out of a long accumulation phase (~$0.30–$0.40 range) and initiated a markup phase.

- Now consolidating within a bullish pennant pattern after a vertical rally.

- The RSI peaked near 80 and is now cooling to ~68, still in bullish territory but signaling a potential short-term pullback or cooldown.

📊 Volume

- Volume spike on breakout indicates strong demand; recent tapering suggests price is digesting gains.

- No signs of distribution yet — no large volume + red candle combo.

🔍 Key Observations

- Higher low structure intact.

- Bullish market structure unless $0.52–0.54 range breaks down.

- Breakout from pennant resistance (~$0.66–$0.68) could trigger continuation toward $0.85 and $1.00 psychological levels.

🕐 1H Chart (Micro Execution Zone)

🧱 Pattern: Symmetrical Triangle

- Forming a high-tight symmetrical triangle, likely a continuation pattern if macro holds.

- Support: ~$0.55

- Resistance: ~$0.66

- Compression is nearing apex → breakout likely within next 24–48 hours.

🔄 RSI & Momentum

- 1H RSI shows bearish divergence and is rolling over from 59 → could test triangle support again.

- Volume declining = typical pre-breakout behavior.

🎯 Trade Setup (Swing-to-Position)

Scenario A – Bullish Continuation (Preferred)

⏳ Entry: Break and close above $0.665 + volume surge

🎯 Targets: $0.75 → $0.85 → $1.00

😓 Stop: Close below $0.545 (break of triangle + prior HL)

🔄 Invalidation: Bearish engulfing + volume spike at triangle resistance

Scenario B – Breakdown Retest Short

⏳ Entry: Break and close below $0.545, retest rejection

🎯 Targets: $0.47 → $0.42 (back into old range)

😓 Stop: Above $0.585 (breakout fakeout)

🔄 Invalidation: Reclaim of trendline support and close inside triangle