$ENA IS STILL UNDER SELLING PRESSURE
ENA is trading around $0.240 after falling from the $0.26 area and losing the $0.25 support zone.
What I don't like here is simple: sellers are still controlling the move, and price is now sitting around the $0.24 support.
Entry: $0.240–$0.244
SL: $0.250
TP1: $0.235
TP2: $0.228
TP3: $0.220
Ethena is also dealing with heavy token-supply pressure after a major ENA unlock and the release of restrictions on billions of tokens.
The main risk is a sharp bounce back above $0.25.
Lose $0.238 and the downside opens further.
Reclaim $0.25 and the bearish setup weakens.
$ENA #Nikkei225Jumps2.5%ToThreeMonthHigh #BinanceLaunchesBinanceIntelligence #StriveBuys2000BTCFor$169M
ENA is trading around $0.240 after falling from the $0.26 area and losing the $0.25 support zone.
What I don't like here is simple: sellers are still controlling the move, and price is now sitting around the $0.24 support.
Entry: $0.240–$0.244
SL: $0.250
TP1: $0.235
TP2: $0.228
TP3: $0.220
Ethena is also dealing with heavy token-supply pressure after a major ENA unlock and the release of restrictions on billions of tokens.
The main risk is a sharp bounce back above $0.25.
Lose $0.238 and the downside opens further.
Reclaim $0.25 and the bearish setup weakens.
$ENA #Nikkei225Jumps2.5%ToThreeMonthHigh #BinanceLaunchesBinanceIntelligence #StriveBuys2000BTCFor$169M