$ENA - 1D chart
A double-bottom pattern is emerging. It is possible to try to take a long position with the expected pattern formation.
Risk/Reward Ratio - 2:56
Tp 1 - 1.06
Tp 2 - 1.7
Stop loss - 0.64
Explanation:
As we see globally, the downward movement structure has been disrupted. After the retest and rebound, the price did not go below the previous low, at least not yet.
Therefore, I am assuming a rise to the resistance level as the first target. In the future, depending on the price consolidation at this level, it would be logical to realize the double bottom potential.
The stop loss line is placed under the previous lows.
Once again I remind you that everyone weighs all the risks independently, remember the strategy.
