$ENA has been on my radar for several days, and today the setup finally started to play out.
I’ve been watching the $0.190 level closely on the daily chart, waiting for a confirmed breakout instead of jumping into the trade early.
Now, price has finally pushed above that zone with solid strength. The 4H structure is also showing strong bullish momentum, which makes the setup more interesting to me than simply chasing a green candle.
I entered my long around $0.199, with $0.174 as my invalidation level. My first target/area of interest is around $0.240.
From here, the key thing to watch is whether $ENA can hold above $0.190 and confirm the breakout instead of dropping back below it.
I’ve watched this setup long enough from the sidelines. This time, I finally decided to take the position.
I’ve been watching the $0.190 level closely on the daily chart, waiting for a confirmed breakout instead of jumping into the trade early.
Now, price has finally pushed above that zone with solid strength. The 4H structure is also showing strong bullish momentum, which makes the setup more interesting to me than simply chasing a green candle.
I entered my long around $0.199, with $0.174 as my invalidation level. My first target/area of interest is around $0.240.
From here, the key thing to watch is whether $ENA can hold above $0.190 and confirm the breakout instead of dropping back below it.
I’ve watched this setup long enough from the sidelines. This time, I finally decided to take the position.
