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🌐 Ethena (ENA) Trading Strategy – Update 05/24/2025
Current Price: $0.372 USD
24h Change: -0.16%
24h Trading Volume: ~$350 million USD
Market Capitalization: ~$2.16 billion USD
Circulating Supply: ~5.82 billion ENA
ATH: $1.52 USD (04/11/2024)
ATL: $0.196 USD (06/09/2024)     
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📈 Trading Strategy
Long (Buy):
• Entry: $0.35 – $0.37
• Stop Loss (SL): $0.32
• Take Profit (TP): $0.45 – $0.50
• Success Probability: 70%
• Reason: ENA is trading close to a strong support level at $0.35, with increased trading volume and buy signals from RSI and MACD. 
Short (Sell):
• Entry: $0.45 – $0.47
• Stop Loss (SL): $0.50
• Take Profit (TP): $0.37 – $0.35
• Success Probability: 65%
• Reason: If the price cannot exceed the resistance level of $0.47, a downward correction to the support level of $0.35 may occur.
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