$ENA — SHORT
Entry 0.2275 – 0.2295
SL 0.2370
TP1 0.2048
TP2 0.1987
Pumped 10%, then gave nearly all of it back in a week. The rebound is weakening.
30/09 $ENA surged 6.6% to 0.2649, with $103 million in volume — the strongest session of the week. Since then, the price has fallen steadily and is now at 0.2210, giving back nearly all of that gain.
The 4h, 2h, and 1h charts are all below EMA20/50, with the short-term trend tilted bearish. BTC is down 1.2%, while $ENA is down 7.6%, clearly underperforming the market. Wait for a rebound to 0.2275 – 0.2295 before entering; cancel the trade if a 4h candle closes above 0.2370.
Personal observation, not investment advice
#ENA #Ethena #Altcoin #CryptoTrading
Entry 0.2275 – 0.2295
SL 0.2370
TP1 0.2048
TP2 0.1987
Pumped 10%, then gave nearly all of it back in a week. The rebound is weakening.
30/09 $ENA surged 6.6% to 0.2649, with $103 million in volume — the strongest session of the week. Since then, the price has fallen steadily and is now at 0.2210, giving back nearly all of that gain.
The 4h, 2h, and 1h charts are all below EMA20/50, with the short-term trend tilted bearish. BTC is down 1.2%, while $ENA is down 7.6%, clearly underperforming the market. Wait for a rebound to 0.2275 – 0.2295 before entering; cancel the trade if a 4h candle closes above 0.2370.
Personal observation, not investment advice
#ENA #Ethena #Altcoin #CryptoTrading