Technical analysis by CHILL_TRADER99 about Symbol ENA: Buy recommendation (5/2/2025)

ENA/USDT Pattern: Descending triangle or wedge-like structure Momentum: Bullish bounce forming near key trendline support Indicator: Bullish signals emerging on Prime Oscillator (green dot + rising histogram) Key Levels: Buy Zone: $0.295 – $0.311 (price currently in this zone) Support Levels: Major support: $0.280 – $0.295 Ultimate invalidation: $0.234 Resistance Levels: First target: $0.375 (top of the wedge) Major breakout target: $0.476 (supply zone overhead) ✅ Bullish Confluences: Price holding above the ascending trendline. ChartPrime Oscillator showing bullish signal (green dot and shift in momentum). Price currently retesting the previous breakout structure, offering a potential re-entry. ⚠️ Risks: If price breaks below $0.276, it could trigger a deeper correction. Be cautious if Bitcoin weakens sharply.