Technical analysis by TheSignalyst about Symbol ENA: Buy recommendation (6/5/2025)

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.📈ENA has been overall bearish trading within the falling channel marked in red and it is currently retesting the lower bound of the channel.Moreover, the blue zone is a strong demand.🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of demand and lower red trendline acting as a non-horizontal support.📚 As per my trading style:As #ENA approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)📚 Always follow your trading plan regarding entry, risk management, and trade management.Good luck!All Strategies Are Good; If Managed Properly!~Rich