$ENA needs to reclaim $0.0830 this week or this bounce is just noise 📉
Price is sitting at $0.0798, 4h RSI is only 42, and volume is trash at 0.6x the 20d average. That usually means chop until someone forces it.
But funding is -0.004%, so shorts are already paying to stay cute 😏 If Ethena can hold this band and push through $0.0830, I think $0.088 is next. Lose $0.078 and I think $0.074 gets tagged fast.
Simple.
Bull or bear on $ENA from here?
#ENA
#Trading
Price is sitting at $0.0798, 4h RSI is only 42, and volume is trash at 0.6x the 20d average. That usually means chop until someone forces it.
But funding is -0.004%, so shorts are already paying to stay cute 😏 If Ethena can hold this band and push through $0.0830, I think $0.088 is next. Lose $0.078 and I think $0.074 gets tagged fast.
Simple.
Bull or bear on $ENA from here?
#ENA
#Trading