đ ZainArena Trading | $ENA Daily Setup
Live price: $0.56â$0.57 â Volume: strong â Funding: slightly positive (long bias, not overheated)
đą Catalyst: Ethena Ă Jupiter partnership to launch JupUSD on Solana this quarter â adding short-term bullish sentiment.
đ Unlocks: ~40.6M ENA scheduled in early November â potential short-term supply pressure.
Technical range: $0.558 â $0.585
âą Break above $0.585 â target $0.600â$0.610
âą Drop below $0.553â$0.555 â retest $0.548â$0.546
đŻ Trade Plans:
1ïžâŁ Breakout: Entry > $0.571 | SL $0.563 | TP $0.578 â $0.585 â $0.610
2ïžâŁ Pullback: Buy $0.558â$0.560 | SL $0.552 | TP $0.571 â $0.578
â ïž Invalidation: 1H close below $0.553
â ïž Risk: Positive funding = possible long squeeze â use light leverage, 1â2% risk per trade.
Live price: $0.56â$0.57 â Volume: strong â Funding: slightly positive (long bias, not overheated)
đą Catalyst: Ethena Ă Jupiter partnership to launch JupUSD on Solana this quarter â adding short-term bullish sentiment.
đ Unlocks: ~40.6M ENA scheduled in early November â potential short-term supply pressure.
Technical range: $0.558 â $0.585
âą Break above $0.585 â target $0.600â$0.610
âą Drop below $0.553â$0.555 â retest $0.548â$0.546
đŻ Trade Plans:
1ïžâŁ Breakout: Entry > $0.571 | SL $0.563 | TP $0.578 â $0.585 â $0.610
2ïžâŁ Pullback: Buy $0.558â$0.560 | SL $0.552 | TP $0.571 â $0.578
â ïž Invalidation: 1H close below $0.553
â ïž Risk: Positive funding = possible long squeeze â use light leverage, 1â2% risk per trade.