ENA is standing at a classic “make-or-break base-build” juncture
🕞 60-Second Read
Trend on the 1-D chart is still structurally bearish, yet price (spot 0.350 USDT) just printed a higher-low off the April wick and reclaimed the mid-channel line. Two large upside voids are now in play.
- []Hot-Zone #1 – 0.292 (15 m imbalance): fresh demand, 17 % under spot.
[]Hot-Zone #2 – 0.496 (3 MP-High retest): range cap & first breaker, 42 % above. - Hot-Zone #3 – 0.836 → 0.892 (Feb pivot ↔ Yearly EC): macro supply shelf.
🎲 Probability Dashboard
- []HTF Trend & Structure – -2
[]Liquidity Map (voids above) – +1
[]Momentum (vector flips) – +1
[]Derivatives (funding ≈ flat) – 0
Net Score = 0
Bear / Neutral / Bull odds ≈ 40 % / 30 % / 30 %
📈 Trade Playbook
Strategy 1
1. Layered Limit Grid – Aggressive Counter-Trend Long
Entry layers (size %):
- []0.300 – 25 % of your allocated ENAUSDT size
[]0.280 – 35 %
[]0.260 – 25 %
[]0.240 – 15 %
SL = 0.215
TP ladder:
- []0.350 – 20 % off-load
[]0.496 – 25 %
[]0.836 – 30 %
[]1.040 – 25 %
Weighted R:R ≈ 7.3
Strategy 2
2. Layered Limit Grid – Conservative Breakout Long
Trigger: daily close > 0.496, then place grid orders.
Entry layers (size %):
- []0.510 – 40 %
[]0.570 – 30 %
[]0.650 – 20 %
[]0.836 – 10 %
SL = 0.440
TP ladder:
- []0.836 – 30 %
[]1.040 – 30 %
[]1.516 – 25 %
[]1.550 – 15 %
Weighted R:R ≈ 4.8
Setup Logic
- []Price reclaimed mid-channel but remains inside a 69 % upside void to 0.836.
[]Stacked un-retested highs (0.496 / 0.836 / 1.040) act as magnetic targets. - Yearly S1 (0.220) converges with vector zone support – ideal invalidation.
Risk Radar
- []Perp OI up 18 % WoW – a funding spike could squeeze late longs.
[]Two token unlocks (2 & 5 May) add ≥ 200 M ENA supply. - Macro: FOMC (1 May) & BTC flow volatility may spill into alts.
ENA must flip 0.496 to sprint through the 0.84-1.04 air-pocket; fail that and liquidity magnets at 0.30 → 0.22 take the wheel. Trade the grid – not the hopium.
(Not financial advice – always do your own research.)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.