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

ENA/USDT Pattern: Descending triangle or wedge-like structureMomentum: Bullish bounce forming near key trendline supportIndicator: 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 – $0.295Ultimate invalidation: $0.234Resistance 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.