ENA - Retesting the $0.50–$0.535 Base 📉➡️📈

[theSignalyst]

ENAUSDT is correcting on the daily inside a falling channel after August’s run. Price is tagging the channel’s lower bound right into the $0.50–$0.535 support zone.

This area is key . It’s the prior breakout base + round-number $0.50 + trendline confluence—where buyers have reacted before.

As long as $0.50–$0.535 holds, I’ll look for longs toward $0.58 first, then $0.72–$0.80. A breakout from the red channel could unlock stretch targets toward $0.95–$1.00 .
If $0.50 fails on a daily close, I’ll step aside and watch $0.36–$0.33 for the next HTF demand.

What’s your move — buy the dip at $0.50 with confirmation, 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*