ENA / TetherUS PERPETUAL CONTRACT
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ENA SWING LONG IDEA

ENA has been one of the best-performing altcoins in recent weeks. I strongly support their vision for the DeFi industry. Their backers include major institutions like BlackRock, which gives me additional confidence that this project will outperform many other altcoins in the upcoming altseason.

ENA recently hit a key horizontal support level as well as the HTF bullish trendline that has supported the bullish trend since the U.S. Election. While doing so, the price also swept the equal lows and triggered significant stop-loss orders. The strong reaction that followed created a massive 4H demand zone.

Currently, we are inside that bullish demand zone and ranging. I’ve received my confirmations, so I’ve entered a trade here.

It’s possible we may dip lower and retest the bullish trendline again, but it’s not guaranteed.

Targets:

  1. $1.50 will be my first target.
  2. If you prefer, you can consider taking partial profits at the ATH of $1.32.
altcoinaltcoinsaltseasonBeyond Technical AnalysiscryptocryptolevelscryptomarketENAenacryptoENAUSDTFundamental AnalysisTrend Analysis

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