$ENA #ENA ๐
Direction: LONG
Entry zone: 0.1810 to 0.1817
Stop loss: 0.1786
Target 1: 0.1850
Target 2: 0.1877
Ethena is trading near 0.1813 dollars, up 7.52 percent in 24 hours, inside a range of 0.1669 to 0.1835 dollars, and the recent closes are holding near the highs, 0.1824, then 0.1824, then 0.1808, then 0.1813. ๐ My reading is that ENA is consolidating near its high after a strong day, and consolidation near a high is healthier than a spike and crash, because it shows sellers could not push it back down. A long from the current zone, with a stop below 0.1786, targets 0.1850 first and then 0.1877 if the high breaks. A fall below 0.1786 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does ENA rise to 0.1850 first, or fall below 0.1786? ๐ค
Follow for more trades.
#ENA #Crypto #FuturesTrading #TradingSignals
Direction: LONG
Entry zone: 0.1810 to 0.1817
Stop loss: 0.1786
Target 1: 0.1850
Target 2: 0.1877
Ethena is trading near 0.1813 dollars, up 7.52 percent in 24 hours, inside a range of 0.1669 to 0.1835 dollars, and the recent closes are holding near the highs, 0.1824, then 0.1824, then 0.1808, then 0.1813. ๐ My reading is that ENA is consolidating near its high after a strong day, and consolidation near a high is healthier than a spike and crash, because it shows sellers could not push it back down. A long from the current zone, with a stop below 0.1786, targets 0.1850 first and then 0.1877 if the high breaks. A fall below 0.1786 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does ENA rise to 0.1850 first, or fall below 0.1786? ๐ค
Follow for more trades.
#ENA #Crypto #FuturesTrading #TradingSignals
