$ENJ is showing a clean breakout after a strong accumulation phase and now building momentum for the next leg up...

Entry Range: 0.0700 – 0.0720

Stop Loss: 0.0673

Targets:

TP1: 0.0747

TP2: 0.0785

TP3: 0.0820

After spending a good time in consolidation, price finally broke out of the base with strong bullish candles. Now we are seeing a controlled pullback forming inside an ascending channel, which is a healthy continuation structure. This is not a move to chase, patience here gives the best entries near support of the channel.

As long as price holds above the breakout zone, momentum remains bullish and continuation towards higher targets is expected. Volume is supporting the move and structure is clearly favoring buyers.

Invalidation comes if price loses 0.0673 support, that would break the current bullish structure and shift momentum.