đ $ENA IS GETTING HIT â BUT THE REAL STORY IS BIGGER THAN ONE RED CANDLE.
ENA moved 4.49% in ~14H as ETH and the wider market sold off, with heavy long liquidations adding pressure.
But thereâs another issue traders canât ignore:
đ Growth incentives ended
đ Large Oct. 5 unlock increased available supply
đ„ ETH selloff added more pressure
đ« No major new Ethena-specific negative catalyst
I wouldnât blindly buy this dip.
đ„ ENA here â BUY, SELL, or WAIT? Whatâs your call?
#BinanceSquare #ENA
ENA moved 4.49% in ~14H as ETH and the wider market sold off, with heavy long liquidations adding pressure.
But thereâs another issue traders canât ignore:
đ Growth incentives ended
đ Large Oct. 5 unlock increased available supply
đ„ ETH selloff added more pressure
đ« No major new Ethena-specific negative catalyst
I wouldnât blindly buy this dip.
đ„ ENA here â BUY, SELL, or WAIT? Whatâs your call?
#BinanceSquare #ENA