$ENA 1H SHORT SIGNAL
ENA is attempting a small recovery from the $0.2279 low, but the 1H structure is still under pressure.
Price is around $0.2366. MA7 is at $0.2350 and MA25 at $0.2335, so short-term price has recovered above both averages. However, MA99 is much higher at $0.2485, keeping the larger 1H structure bearish.
Short entry: $0.2380–$0.2410 rejection
Stop Loss: $0.2445–$0.2470
Invalidation: 1H close above $0.2485
TP1: $0.2335
TP2: $0.2290
TP3: $0.2230
The $0.2380–$0.2410 area is the battle zone
If ENA breaks and holds above $0.2410 with strong volume, I would cancel the short setup and wait for confirmation.
The news backdrop also adds risk to the bullish side. Ethena is facing a major token-unlock catalyst on October 5, with reports putting the upcoming unlock at roughly $39.7M, or about 1.88% of supply. Recent coverage has linked ENA weakness
For now, the moving averages show a short-term recovery inside a broader bearish structure.
$0.2410 is the level to watch. #ZcashETFPostsFirstWeeklyOutflow$93.6M #GreekPoliceBustCryptoScamRingArrest17
#FedOctoberRateHikeOddsFallTo17%
ENA is attempting a small recovery from the $0.2279 low, but the 1H structure is still under pressure.
Price is around $0.2366. MA7 is at $0.2350 and MA25 at $0.2335, so short-term price has recovered above both averages. However, MA99 is much higher at $0.2485, keeping the larger 1H structure bearish.
Short entry: $0.2380–$0.2410 rejection
Stop Loss: $0.2445–$0.2470
Invalidation: 1H close above $0.2485
TP1: $0.2335
TP2: $0.2290
TP3: $0.2230
The $0.2380–$0.2410 area is the battle zone
If ENA breaks and holds above $0.2410 with strong volume, I would cancel the short setup and wait for confirmation.
The news backdrop also adds risk to the bullish side. Ethena is facing a major token-unlock catalyst on October 5, with reports putting the upcoming unlock at roughly $39.7M, or about 1.88% of supply. Recent coverage has linked ENA weakness
For now, the moving averages show a short-term recovery inside a broader bearish structure.
$0.2410 is the level to watch. #ZcashETFPostsFirstWeeklyOutflow$93.6M #GreekPoliceBustCryptoScamRingArrest17
#FedOctoberRateHikeOddsFallTo17%
