$SOL over $200 🤝 | CRYPTO MECHANIC on Binance Square

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$SOL over $200 🤝

CRYPTO MECHANIC

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$SOL $190

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$ENA Had multiple rejections in the past from this same zone, If there is more room left in this Rally, I think it should find some support around this zone.

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Was going through my posts and Just realized one of my high timeframe analysis posts on Ethereum didn’t go through it was just sitting in drafts (no idea how). Was targetting $3800-4000 Anyway, we caught most of the move on $ETH , so it’s all good 😂

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The market can stay irrational longer than you think and it doesn't care about your Open interest, Overbought/oversold indicators.

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$ENA News 🚨 StablecoinX Inc has announced a $360 million capital raise to purchase $ENA and will seek to list its Class A common shares on the Nasdaq Global Market under the ticker symbol "USDE", which includes a $60 million contribution of ENA from the Ethena Foundation Equity markets will now have direct access and exposure to the most important emerging trend in all of finance: The growth of digital dollars and stablecoins. To bootstrap its acquisition strategy, StablecoinX Inc. will use all of the $260 million cash proceeds from the raise (less amounts for certain expenses) to buy locked ENA from a subsidiary of the Ethena Foundation. Starting today, the Ethena Foundation subsidiary (via third-party market makers) will use 100% of the $260 million cash proceeds from the token sale to strategically purchase $ENA across publicly traded venues over the coming weeks, further aligning the Foundation’s incentives with those of StableCoinX shareholders.

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We caught $ENA around $0.3500 and it made almost a 50% move up. The weekly chart still looks great but the daily is a bit extended. Pullback under $0.45 can provide another trade setups if it comes.

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