ENA: Modest Recovery - Breakout Possible?
$ENA is showing a modest rebound after bouncing from the $0.7394 zone. With a +1.1% daily gain and higher lows on the 1D chart, momentum is cautiously building. Price has edged past $0.8171 with increased volume, hinting at a potential breakout.
Trade Setup – Long Opportunity
• Entry Zone: $0.8175 – $0.8200
• Stop Loss: Below $0.8100
• TP1: $0.8250
• TP2: $0.8300
• TP3: $0.8350 (extended target)
Market Insight:
Volume has risen to 5.491M ENA, and the 5-day MA is trending above the 10-day MA, suggesting mild bullish control. As long as $ENA stays above $0.8150, the uptrend could develop further. Watch the next 1D candle for confirmation.