ENA down 14.4% in a single session while the trend underneath is still screaming 'strong uptrend.' That's not a trend change — that's a shakeout. Here's why.
📊 The Setup:
The daily trend remains strong: SMA7 ($0.1568) > SMA25 ($0.1132) > SMA99 ($0.0922). Price is still well above the 25-day average even after the dump.
The 4H RSI reset from overbought to 54.4 — healthy cooldown territory. Volume at $104.5M is 1.12x normal, elevated but not panic-level.
The long/short ratio sits at 1.66 — longs still dominant, which means the market hasn't flipped bearish yet.
🎯 The Plan:
✅ Entry: $0.1542 – $0.1666 (scale into the dip)
❌ Stop Loss: $0.1442 (below 4H support, invalidates the bounce)
🎯 TP1: $0.1668 (reclaim the SMA7)
🎯 TP2: $0.1732
🎯 TP3: $0.1796
📐 Risk/Reward: 0.4x — tight, so keep position size modest
The 4H MACD is positive and the histogram is expanding. Momentum is turning back up.
🤔 Is this the dip of the week or the start of a deeper correction?
#ENA #Ethena #DYOR
⚠️ Disclaimer: This is not financial advice. Always DYOR and manage risk carefully.
📊 The Setup:
The daily trend remains strong: SMA7 ($0.1568) > SMA25 ($0.1132) > SMA99 ($0.0922). Price is still well above the 25-day average even after the dump.
The 4H RSI reset from overbought to 54.4 — healthy cooldown territory. Volume at $104.5M is 1.12x normal, elevated but not panic-level.
The long/short ratio sits at 1.66 — longs still dominant, which means the market hasn't flipped bearish yet.
🎯 The Plan:
✅ Entry: $0.1542 – $0.1666 (scale into the dip)
❌ Stop Loss: $0.1442 (below 4H support, invalidates the bounce)
🎯 TP1: $0.1668 (reclaim the SMA7)
🎯 TP2: $0.1732
🎯 TP3: $0.1796
📐 Risk/Reward: 0.4x — tight, so keep position size modest
The 4H MACD is positive and the histogram is expanding. Momentum is turning back up.
🤔 Is this the dip of the week or the start of a deeper correction?
#ENA #Ethena #DYOR
⚠️ Disclaimer: This is not financial advice. Always DYOR and manage risk carefully.