I’m watching $ENA closely here because price is pressing toward $0.1239, but the chart still hasn’t earned a clean breakout yet. $ENA is locked in a tight compression band right beneath the $0.1250–$0.1280 local supply ceiling, building up momentum after recovering from recent range lows. My setup:- Wait for a clean push above $0.1280, then look for a hold on the retest. Entry: $0.1220–$0.1240 SL: $0.1160 TP1: $0.1350 (~1.83R) TP2: $0.1480 (~4.00R) TP3: $0.1620 (~6.33R) What I like: • Institutional yield diversification from the $1B FalconX lending facility provides strong underlying fundamentals. • Open interest has remained active as price reclaims upper exponential moving average boundaries. • Whale accumulation and consistent USDe supply growth continue to anchor medium-term market structure. What I don't like: • $0.1250–$0.1280 represents major technical overhead resistance where previous bounces stalled. • Market-wide altcoin rotation shifts can quickly stall momentum at key levels. • Buying directly into $0.1239 offers weak risk-to-reward mechanics before a confirmed daily close. Invalidation: A sustained breakdown below $0.1160. Losing $0.1100 invalidates the immediate recovery setup. For me, this is CONDITIONAL LONG / WAIT. No breakout, no trade. Does $ENA finally convert $0.1280 into dynamic support, or does resistance hold firm once again?