$ENA is presenting a neutral-bullish reversal setup after heavy selling associated with the supplied token unlock event. The falling-wedge structure is forming near historical horizontal support, while the 1-hour MACD histogram shows bullish divergence. OI has dropped 8% and funding has turned negative, indicating increased short positioning. The setup remains risk-sensitive because the supplied data identifies potential remaining venture-capital selling as the main risk.
đ Bias: Neutral-Bullish (Reversal Setup) | đŻ Entry: $0.235â$0.245 | đĄ Support: $0.230 | đ§ Resistance: $0.275 | đŻ Targets: $0.270 / $0.295 / $0.320 | â Invalidation: $0.222
Strategy: Support entry with confirmation of the reversal structure; avoid treating the setup as confirmed until price action supports it.
#ENA #CryptoTrading #Altcoins #BinanceSquare #TechnicalAnalysis
đ Bias: Neutral-Bullish (Reversal Setup) | đŻ Entry: $0.235â$0.245 | đĄ Support: $0.230 | đ§ Resistance: $0.275 | đŻ Targets: $0.270 / $0.295 / $0.320 | â Invalidation: $0.222
Strategy: Support entry with confirmation of the reversal structure; avoid treating the setup as confirmed until price action supports it.
#ENA #CryptoTrading #Altcoins #BinanceSquare #TechnicalAnalysis