This chart displays a potential bullish breakout for ENAUSDT on a lower time frame, forming a classic ascending triangle pattern. The price has been making higher lows while repeatedly testing the horizontal resistance around $0.303, signaling increasing buying pressure.
A long position has been initiated right at the breakout point, with:
Entry: Around $0.303
Stop Loss: Below the ascending trendline, around $0.290
Take Profit: Targeting above $0.34, offering a highly favorable risk-to-reward ratio.
This setup suggests a continuation of the bullish move if the breakout holds, especially if accompanied by increased volume.
A long position has been initiated right at the breakout point, with:
Entry: Around $0.303
Stop Loss: Below the ascending trendline, around $0.290
Take Profit: Targeting above $0.34, offering a highly favorable risk-to-reward ratio.
This setup suggests a continuation of the bullish move if the breakout holds, especially if accompanied by increased volume.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.