$ENA Daily Gameplan - Bounce Play
Price right now: ~$0.222 - $0.236 [+6% today]
After -9% weekly drop, ENA finally bouncing with volume > $240M.
Context:
30D +54% but still -69% from ATH $0.72. Sentiment is Greed (61) but technically still bearish. This is a counter-trend bounce, not a full reversal yet.
My Strategy for Today:
BULLISH SCALP (Main Plan):
- Entry zone: $0.220 - $0.224 on retest
- Target 1: $0.236 (today's high)
- Target 2: $0.250 psychological
- Stop Loss: $0.215 close below
- Logic: Holding above $0.22 after +165% in 3 months, buyers defending.
BEARISH IF REJECTS:
- If $0.2362 rejects with wick + low volume
- Short to $0.2198 / $0.210
- Don't short support blindly.
Risk Rules:
1. No leverage > 3x - volatility 1.2% daily
2. Book 50% at T1
3. ENA moves with BTC + USDe TVL news, watch BTC.
Not financial advice. Do your own research.
#ENA #Ethena #Crypto #Altcoins #TradingStrategy
Price right now: ~$0.222 - $0.236 [+6% today]
After -9% weekly drop, ENA finally bouncing with volume > $240M.
Context:
30D +54% but still -69% from ATH $0.72. Sentiment is Greed (61) but technically still bearish. This is a counter-trend bounce, not a full reversal yet.
My Strategy for Today:
BULLISH SCALP (Main Plan):
- Entry zone: $0.220 - $0.224 on retest
- Target 1: $0.236 (today's high)
- Target 2: $0.250 psychological
- Stop Loss: $0.215 close below
- Logic: Holding above $0.22 after +165% in 3 months, buyers defending.
BEARISH IF REJECTS:
- If $0.2362 rejects with wick + low volume
- Short to $0.2198 / $0.210
- Don't short support blindly.
Risk Rules:
1. No leverage > 3x - volatility 1.2% daily
2. Book 50% at T1
3. ENA moves with BTC + USDe TVL news, watch BTC.
Not financial advice. Do your own research.
#ENA #Ethena #Crypto #Altcoins #TradingStrategy