How can retail investors avoid being 'cut' during the explosive rise of $ENA ? Quick look!
Let's talk about ENA's recent surge. Its rise is driven by three forces: regulatory breakthroughs, ecological expansion, and whale reversals. In the short term, the launch of USDtb has allowed traditional funds to enter, and whale short covering has triggered a short squeeze, pushing prices up.
However, there are hidden dangers in the medium term. On July 18, the unlocking selling pressure will rely on institutions like Jump to fulfill their buyback promises to hold up, and technically, 0.45 is a key resistance level. On-chain, 0.35 is a strong support level; falling below this trend could lead to a reversal.
In terms of operations: holders should take profits in batches above 0.42 and set a hard stop loss at 0.37; those with no positions should buy in batches on the pullback to 0.35 - 0.36, with a stop loss below 0.33. It's also advisable to purchase put options with a strike price of 0.34 to hedge against risks.
ENA's volatility is 3.5 times that of BTC, posing great risks; retail investors should not exceed 1% of their total funds in positions. Although there are many regulatory benefits, beware of 'buying on expectations and selling on facts', so everyone should stay vigilant.
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