ENAUSDT post-floor reaction: targeting $0.12 equilibrium

Wait 5 sec.

ENAUSDT post-floor reaction: targeting $0.12 equilibriumENAUSDT Perpetual ContractBYBIT:ENAUSDT.P3CommasThe Macro Picture πŸ—ΊοΈ ENA has just delivered the second leg of the May 28 thesis with textbook precision β€” the $0.0800 macro floor was defended on the June 1 wick, and price has now printed a vertical V-recovery straight into the $0.1000 flipped decision zone. The Broadening Formation between $0.0800 and $0.1400 remains the dominant structure, but the reaction phase is officially complete; what follows is the structural reclaim test. RSI has snapped from 35 to ~50, signaling that momentum has reset without yet confirming a trend shift. The Setup βš™οΈ The Floor: The $0.0800 macro floor held the June retest with a clean wick-and-reject, locking in the second bullish reaction from the same high-confluence zone that birthed the April reversal. The Support Flip: The $0.1000 level β€” last week's structural resistance β€” is now being tested from below as the reclaim gate, and bears are defending it as the line that decides whether this is a structural shift or a relief rally into former support. The Squeeze: The vertical recovery candle into $0.1050 has stranded the wave of shorts layered between $0.0850 and $0.1000, setting up a high-pressure reclaim attempt where any sustained acceptance above $0.1000 triggers buy stops parked across the prior breakdown zone. The Roadmap: Primary target sits at $0.1200 β€” a clean 1D close above $0.1000 would confirm the support flip and open the path of least resistance toward the equilibrium of the broadening range. Invalidation: a sharp rejection back below $0.1000 with a 1D close at or under $0.0950 would invalidate this reclaim thesis and rotate the structure back toward the $0.0850 reaction zone for a deeper retest.