📈 ENS/USDT (1H) – Accumulation Breakout Setup

Exchange: Binance – Perpetual Contract

Current Price: $23.563

Volume: 99.38K – Gradually Increasing

Change: +0.78%

✅ Signal Type: Accumulation Breakout (Short-Term Bullish Bias)

ENS has formed a solid base around the $22.50–$23.00 range and is showing signs of breaking out from horizontal resistance. Price action has tightened, and the latest bullish candle is backed by rising volume – indicating potential for a momentum-driven move upward.

🔍 Technical Highlights:

Structure: Sideways accumulation followed by breakout attempt

Breakout Zone: $23.50 (horizontal resistance zone)

Volume: Spike in buying volume confirms interest

📊 Trade Setup:

🔵 Entry Zones:

Breakout entry: $23.60–$23.80 (on volume confirmation)

Pullback entry: $23.00–$23.20 (dip buy near support)

🔴 Stop-Loss:

Below $22.50 (under the consolidation zone)

🟢 Take Profit Targets:

TP1: $24.40

TP2: $25.20

TP3: $26.50 (previous high zone)

📈 Risk/Reward: 2.1 to 1 (depending on entry and stop placement)

⚠️ Invalidation:

Breakdown and close below $22.40 with strong red volume would invalidate the bullish setup

✅ Buy and Trade Here: $ENS