🔥 Ethena Taking a Hit — Is a Bounce Imminent? 🔥
🔥 [Click here to Buy $ENA ]
Ethena (ENA) is trading at 0.3499, down a sharp 7.58% in the last 24h. The sell-off has created a potential buying opportunity for traders watching support levels closely.
📉 Market Overview:
Price: 0.3499
24h Change: -0.0287 (-7.58%)
Support Zone: 0.335 – 0.342
Resistance Zone: 0.365 – 0.375
🔍 Technical Insights:
RSI approaching oversold territory → possible bounce ahead
Price testing strong support level on 1H and 4H charts
Volume increasing slightly near support — accumulation signs?
📈 Trade Setup:
🟩 Entry Zone: 0.338 – 0.345
🎯 TP1: 0.365
🚀 TP2: 0.380
🛑 SL: Below 0.332
🧠 Strategy:
If ENA holds support and volume picks up, we could see a rebound back to resistance zones. Due to volatility, set tight stops and watch market sentiment closely.
⚠️ High risk, high potential reward — trade smart.