weslad

ENAUSDT Trading idea

weslad Updated   
BINANCE:ENAUSDT   ENA / TetherUS
ENAusdt, recently listed with limited data for comprehensive analysis, shows signs of forming a potential bullish pennant.

We anticipate an upside breakout, leading to a strong resistance at the significant supply zone. If this resistance holds and triggers a rejection, we may see the price decline towards a weaker demand area, potentially breaking down further to a strong demand zone where major accumulation is expected.

However, if the breakout is robust enough to surpass the supply zone, the price could continue towards the main target around $2.56.

Regardless of the direction, this analysis should serve as a valuable guide for decision-making.
Trade active
Trade active:
Price make successful breakout above the pennant and been holding firm with good volume.


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