$ENA
Red zones (R1 ~0.0900, R2 ~0.0950): major resistance — price has repeatedly failed near 0.090–0.095 since mid-June Green zones (S1 ~0.0750, S2 ~0.0698): major support, S2 anchored on the swing low Red diagonal: the dominant bearish trendline from the 0.1184 spike high through the lower highs — this is still the controlling trend and price is currently capped under it Green diagonal: a minor support trendline connecting the higher lows since early June — short-term floor, but it's the weaker structure compared to the red downtrend above it Yellow box (0.0745–0.0775): suggested buy/entry zone, right at the range support White line (~0.0690): stop-loss, just under S2 TP1 0.0900 / TP2 0.0950: take-profit targets at the resistance zones Dashed yellow projection: a possible bounce path — pullback toward support, then a push to test 0.0900, then 0.0950
Caveat compared to the SOL chart: this one is structurally weaker — ENA is still under a clear bearish trendline, not in a confirmed bullish reversal. So this setup is more of a "range bounce, sell into resistance" play than a strong buy-and-hold thesis. If price breaks below 0.0690, the bearish trend likely resumes toward new lows.😀
#USIranAgreeToHaltAttacks #ENA #TicTrader
Red zones (R1 ~0.0900, R2 ~0.0950): major resistance — price has repeatedly failed near 0.090–0.095 since mid-June Green zones (S1 ~0.0750, S2 ~0.0698): major support, S2 anchored on the swing low Red diagonal: the dominant bearish trendline from the 0.1184 spike high through the lower highs — this is still the controlling trend and price is currently capped under it Green diagonal: a minor support trendline connecting the higher lows since early June — short-term floor, but it's the weaker structure compared to the red downtrend above it Yellow box (0.0745–0.0775): suggested buy/entry zone, right at the range support White line (~0.0690): stop-loss, just under S2 TP1 0.0900 / TP2 0.0950: take-profit targets at the resistance zones Dashed yellow projection: a possible bounce path — pullback toward support, then a push to test 0.0900, then 0.0950
Caveat compared to the SOL chart: this one is structurally weaker — ENA is still under a clear bearish trendline, not in a confirmed bullish reversal. So this setup is more of a "range bounce, sell into resistance" play than a strong buy-and-hold thesis. If price breaks below 0.0690, the bearish trend likely resumes toward new lows.😀
#USIranAgreeToHaltAttacks #ENA #TicTrader