Technical analysis by King_BennyBag about Symbol ENS: Buy recommendation (5/31/2025)

📊 EENS/USDT Perpetual Contract – Daily Timeframe Analysis🟢 Bullish SetupA bullish flag is forming on the daily chart — a continuation pattern indicating potential upward movement.- Price recently entered into the golden pocket of the Fibonacci retracement tool marked from $16.881 – $25.241 on the third touch of the flag's resistance, triggering a fakeout, it now rests in the first Fair Value Gap. - The strong wick rejection on the 3rd retest of the resistance/supply indicates bearish strength, momentarily pushing price lower.- Despite this, the overall pattern remains valid as long as price respects the Golden Pocket and FVG zone below.✅ If price closes above the golden pocket, it could present an excellent leveraged entry or spot position, with high reward potential off 67%.🔴 Bearish Scenario- So far, every test of the **4H supply zone** has resulted in rejection — showing persistent seller control at short-term resistance.- If buyers fail to defend the golden pocket and recover the bullish trendline, the structure confirms a break. (Downtrend)The confirmation of bearish pressure is the:1) Large wick (Creating a shooting start candle pattern) - Signaling bearish reversal.2) Large Bearish Marubozu Candle. - Indicates strong continuation of a downtrend. 3) Candle close below Trend line support. - Showing Bears were able to successful make a major move. 🔽 In that case, we look to short after FVG confirmation and scalp down toward the daily demand zone.📌 Patience is key. Let the price show intent before entering.Please let me know what your thoughts are!