Updated ENA/USDT Trading Strategy
Short
• Entry: 0.310
• Stop Loss: 0.318
• Take Profit: 0.295
📌 Reason: The price is testing a strong resistance area at 0.310–0.315 (matching the most recent peak in the 1H–4H timeframe). If BTC is weak or reverses, ENA is likely to adjust from here. The probability of reaching TP is ~65% if not pulled back by BTC.
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Long
• Entry: 0.289
• Stop Loss: 0.280
• Take Profit: 0.305
📌 Reason: The area 0.285–0.290 is a strong support that has held the price multiple times. If there is a reversal signal here and BTC stabilizes, the chances of a technical rebound are quite good. The success probability is around 60%.
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⛔ Warning:
• If BTC exceeds 108,500 or drops below 105,000, then all strategies with ENA could be invalidated.
• Avoid trading in the mid-range (0.295–0.305), as it is prone to noise and stop hunting.
• The volume of ENA has been quite volatile recently, so it's necessary to enter trades at the right levels and signals.
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✅ Action Suggestions:
• Prefer Short if the price fails to break 0.313 and there is a strong rejection candle.
• Prefer Long if it tests back to 0.289 with increased volume, especially if BTC has a corresponding rebound.