๐จ $ENA DUMP ALERT โ HIGH RISK ZONE ๐จ
$ENA is setting up for a potential sharp downside move.
ENA SHORT SETUP ๐ป
Scale Short Entry B/W Cmp upto $0.2525
Targets ๐ฏ
TP1: $0.2350
TP2: $0.2335
TP3: $0.2278
SL: $0.2590
ENA is still forming a lower-high structure on 4H but Most importantly, October 5 is a major ENA supply-event date. Data trackers show another ENA unlock scheduled for Oct. 5, while StablecoinX's restrictions on roughly 3.03B ENA also expire that day although those StablecoinX tokens remain subject to sale/transfer controls, so this does not mean 3.03B ENA will immediately hit the market.
There are also reports estimating roughly 1.41B remaining investor ENA becoming transferable around this date, but that number is derived from the vesting schedule rather than officially confirmed by Ethena.
Click And Short ๐๐๐$ENA
#ENA
$ENA is setting up for a potential sharp downside move.
ENA SHORT SETUP ๐ป
Scale Short Entry B/W Cmp upto $0.2525
Targets ๐ฏ
TP1: $0.2350
TP2: $0.2335
TP3: $0.2278
SL: $0.2590
ENA is still forming a lower-high structure on 4H but Most importantly, October 5 is a major ENA supply-event date. Data trackers show another ENA unlock scheduled for Oct. 5, while StablecoinX's restrictions on roughly 3.03B ENA also expire that day although those StablecoinX tokens remain subject to sale/transfer controls, so this does not mean 3.03B ENA will immediately hit the market.
There are also reports estimating roughly 1.41B remaining investor ENA becoming transferable around this date, but that number is derived from the vesting schedule rather than officially confirmed by Ethena.
Click And Short ๐๐๐$ENA
#ENA
