š ENA/USDT Price Prediction & Swing Trading Setup (Mid-Term View)
The ENA/USDT pair has been gaining momentum and attracting attention from swing traders. Whether youāre already holding or looking for an entry point, this quick overview will help guide your next moves with a balanced and practical setup.
š Price Prediction (Short to Mid-Term)
As of now, ENA is trading in a consolidation phase, and bulls are showing strength near support zones. Based on technical analysis and current momentum, hereās the expected short-to-mid term outlook:
Current Price Range: Around $0.74 ā $0.80
Immediate Resistance: $0.88
Next Major Resistance: $1.00
Support Zone: $0.70 ā $0.74
Bullish Target (2ā3 weeks): $0.95 ā $1.10
Bearish Breakdown Level: Below $0.70 (could head to $0.62)
š Note: If volume increases on breakout above $0.88, expect a stronger push toward $1.00 and above.
š Swing Trading Setup (Risk-Managed Strategy)
This setup is based on daily and 4H chart analysis with clear entry, target, and stop-loss points. Ideal for position traders or swing traders.
ā
Entry Point:
Ideal Buy Zone: $0.74 to $0.78 (accumulate in this range)
Breakout Entry: Confirmed close above $0.88 on 4H chart
šÆ Targets:
Target 1: $0.90
Target 2: $0.98
Target 3 (Stretch Target): $1.10
š Stop-Loss:
Conservative SL: $0.70
Aggressive SL: $0.67 (only if you're using smaller position sizing)
š§ Pro Tips for Swing Traders:
š Wait for confirmation: Avoid jumping in during low volume ā look for candle close confirmations above key resistances.
š Use 4H & Daily Charts: These timeframes show better breakout signals and reduce false moves.
š¬ Track Market Sentiment: Monitor Bitcoin movements ā a BTC dump can affect altcoins like ENA significantly.
š§ Risk-Reward Ratio: Aim for a minimum 1:2 ratio ā donāt chase price if R:R is not in your favor.