ENA - Falling Channel Into $0.50 Support 📉➡️📈

[theSignalyst]

ENA is in a corrective drift on the daily, sliding inside a falling channel after the summer push. Price is now nearing the 0.53–0.50 support zone.

This area is key . It lines up with the channel’s lower bound and a prior breakout base—clean confluence for buyers to step in. If 0.50 holds, I’ll look for a bounce toward 0.64–0.68 first, then 0.75–0.80 near the channel top .

If 0.50 fails on a daily close, a deeper dip toward 0.36–0.33 could follow before bulls try again. Until then, the plan is “look for longs at support, with confirmation.”

What’s your move — buy the dip at 0.50 or wait for a break of the channel before joining?

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr