📈 Ethena ($ENA ) – Riding a Strong Uptrend, But Let's Stay Sharp**

ENA is currently trading around $0.49, surging $1B) . Fresh momentum came from Upbit’s listing plus Arthur Hayes acquiring $1.5M) .

Under the hood, ENA powers USDe—a delta-neutral synthetic dollar. Once yielding over 60%, basis yields have now dropped below 5%—still attractive but raising long-term questions .

Technicals are bullish: 4h trend is strong, price above key EMAs, but RSI is overheated (~82), pointing to a possible short-term pullback .

Trading strategy:

Day/Swing traders: consider entries at $0.48–0.49 after a clean retest; stop under $0.46, targets $0.52 → $0.55.

Breakout plays: buy breakout above $0.52 with confirmation; stop under $0.50, target $0.60 → $0.65.

Long-term*: consider scaling in on pullbacks towards $0.42–0.45, but use tight stops (<$0.40) and small position size.

Yield dynamics and on-chain behavior will guide the next move—manage risk smartly and ride this trend with discipline.

#Ethena #ENA #Crypto #DeFi #USDe #TradeSetup #RiskManagement