$ENA On the daily timeframe, the coin is currently moving in consolidation, trading sideways within a channel. The market has completed a 5-wave corrective move to the downside, which may indicate a potential trend shift.

After a breakout above the pink resistance line, a long position can be considered. The stop loss should be placed below the low of the fifth wave to protect the trade.

The take profit target is set at 50% growth, based on the Fibonacci Retracement tool, which corresponds to the price level of 0.3692.

Always remember to risk no more than 1% of your total deposit per trade in order to trade with discipline and follow proper risk and money management rules.