$ENA supply Pressure vs. Recovery Potential ๐
Iโm watching ENA closely because its next move depends on whether buyers can absorb selling pressure and turn improving tokenomics into real demand.
๐น Price zone: Around $0.19
๐น Bullish trigger: Reclaim resistance with strong volume and hold the breakout.
๐น Bearish trigger: Lose support as selling pressure increases.
My view: Ethenaโs buyback discussions are worth watching, but proposed mechanisms arenโt guaranteed demand. I want price confirmation before taking a position.
Trade the setup, not the hype.
Iโm watching ENA closely because its next move depends on whether buyers can absorb selling pressure and turn improving tokenomics into real demand.
๐น Price zone: Around $0.19
๐น Bullish trigger: Reclaim resistance with strong volume and hold the breakout.
๐น Bearish trigger: Lose support as selling pressure increases.
My view: Ethenaโs buyback discussions are worth watching, but proposed mechanisms arenโt guaranteed demand. I want price confirmation before taking a position.
Trade the setup, not the hype.