$ENA is trading inside a clean Parallel Descending Channel ๐, and price has just tapped the lower boundary with a strong bounce โ a classic early reversal signal. The structure is still intact, but momentum is shifting upward.
From here, Iโm watching for a breakout above the mid-channel and then the upper trendline ๐ฅ. Once ENA flips that resistance, the trend can shift from bearish pressure to a bullish reversal phase.
If the breakout confirms, ENA can easily push toward the $0.42โ$0.48 zone ๐ฏ, which aligns perfectly with the channelโs measured move. Solid setup โ just waiting for that confirmation candle ๐.
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