$ENA - Long

1. Support and resistance:

• The chart shows that the price is in a descending channel. If it breaks the upper border of the channel, this may be a signal for growth.

• Level 1.12 is close to the current resistance range. Its breakout and consolidation above it may open the way to 1.20.

2. Volumes:

• Watch for an increase in volumes on an upward movement. This indicates buyers' interest and confirms growth.

3. Indicators:

• Pay attention to the confirming signals of indicators such as “Momentum” or “Trend Reversal” that you are already using. If they show an upward movement, this will strengthen the forecast.

Signal for growth:

• Entry: When the level 1.05 (or the upper line of the channel) is broken with volumes above average.

• Targets:

• First target: 1.12 (the nearest resistance).

• Second target: 1.20 (next key level).

• Stop loss: Support level below the current trend line, for example 1.02, to minimize risks.

Check the current market situation to make sure that fundamental and technical factors support your scenario.#ENA