$ENA Bounce or Another Leg Down? 👀
ENA dropped from $0.2085 to $0.1947 and is now trading around $0.1975 in this chart snapshot.
The 15M chart remains weak, with price below its MA(25) and MA(99). Buyers are attempting a recovery, but the reversal is not confirmed yet.
🟢 Bullish scenario: A strong close above $0.2008–$0.2020 with rising volume could bring $0.2038 into focus.
🔴 Bearish scenario: A confirmed break below $0.1947 could signal further weakness.
I'm watching the support and waiting for buyers to prove themselves before considering a trade.
No FOMO. Confirmation first.
#ENA #Ethena #cryptotrading #TechnicalAnalysis #BeforeThePump
ENA dropped from $0.2085 to $0.1947 and is now trading around $0.1975 in this chart snapshot.
The 15M chart remains weak, with price below its MA(25) and MA(99). Buyers are attempting a recovery, but the reversal is not confirmed yet.
🟢 Bullish scenario: A strong close above $0.2008–$0.2020 with rising volume could bring $0.2038 into focus.
🔴 Bearish scenario: A confirmed break below $0.1947 could signal further weakness.
I'm watching the support and waiting for buyers to prove themselves before considering a trade.
No FOMO. Confirmation first.
#ENA #Ethena #cryptotrading #TechnicalAnalysis #BeforeThePump