💎 $ENA (Ethena) - Textbook Retest of Key Demand Zone Before Next Leg Up?
On the 1D chart, $ENA showed a strong bullish impulse reaching a high of $0.2946. Price is currently cooling down and pulling back towards a prime support/demand zone around $0.1850 – $0.1943.
This pullback offers a high R:R (Risk-to-Reward) opportunity for traders looking to catch the next wave up towards key resistance!
📌 Trade Setup:
Entry Zone: $0.1850 – $0.1950 (Wait for DIP into Demand Zone)
Targets (TP):
TP 1: $0.2950 (Retest Recent High)
TP 2: $0.4000 (Mid-term Target)
TP 3: $0.5400 (Major Resistance Level)
Stop-Loss (SL): $0.1650 (Below lower demand zone limit)
💡 NFA (Not Financial Advice). Tap the #ENA chart widget below to set your limit orders now!
$BTW
On the 1D chart, $ENA showed a strong bullish impulse reaching a high of $0.2946. Price is currently cooling down and pulling back towards a prime support/demand zone around $0.1850 – $0.1943.
This pullback offers a high R:R (Risk-to-Reward) opportunity for traders looking to catch the next wave up towards key resistance!
📌 Trade Setup:
Entry Zone: $0.1850 – $0.1950 (Wait for DIP into Demand Zone)
Targets (TP):
TP 1: $0.2950 (Retest Recent High)
TP 2: $0.4000 (Mid-term Target)
TP 3: $0.5400 (Major Resistance Level)
Stop-Loss (SL): $0.1650 (Below lower demand zone limit)
💡 NFA (Not Financial Advice). Tap the #ENA chart widget below to set your limit orders now!
$BTW