ENSUSDT Trading opportunity

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ENS/USDT indicates the formation of a potential falling wedge pattern. Given the prevailing market sentiment, there's an anticipation of a bullish breakout.

The Major Point of Interest (POI) identified on the chart stands out as a crucial buyback zone, highlighting an area where significant accumulation could occur.

In our assessment, the supply area becomes a primary medium-term target once the breakout materializes. This zone typically transitions into a crucial support level following a breakout.

However, it's imperative to note that the final setup target area necessitates a more thorough analysis. This zone could act as a pivotal point, demanding deeper scrutiny to ascertain the potential future trajectory of the pair.

Your active participation and insights on this analysis would be greatly appreciated. Thank you for engaging in this discussion.
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#ENS with over 120% profit from entry zone. Congrats guys

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It is obvious that price of ENS exhibits notable trend continuation, with the price currently consolidating above significant local support. It appears the movement has not concluded; hence, attention should be directed towards the buy-back zone, ensuring a strict stop-loss strategy is implemented. The anticipated ultimate target is detailed on the chart.

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ENS has been holding firm since the breakout of the wedge and we believe the move activated a bullish wave cycle.

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Chart PatternsTrend AnalysisWave Analysis

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