ENA — Retesting the $0.50–$0.535 Base

[theSignalyst]

ENAUSDT is correcting on the daily inside a falling channel after a strong summer run. Price is sliding toward the $0.50–$0.535 support zone.

This area is key . It lines up with the channel’s lower bound, the round $0.50 level, and a prior breakout base—clean confluence for buyers to step in. If the zone holds, I’ll look for a rotation toward $0.62–$0.65 first, then $0.72–$0.80, with stretch targets near the channel top and $0.95 .

Lose $0.50 on a daily close and I’ll step aside; $0.36–$0.33 becomes the next HTF demand to watch before bulls try again.

What’s your move — buy the dip at $0.50 with confirmation, or wait for a break of the red 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