$ENA ๐ฅ BUILDING MOMENTUM ๐ฅ
๐ Token Overview:
Token: Ethena (ENA)
Current Price: $0.5904 USDT
24H Volume: $185.74 million USDT
Market Sentiment: Moderate bullish consolidation after previous downward correction; potential for breakout or deeper retest.
ENA Fibonacci Trading Strategy
โ 1. Dip Buy Strategy (Support-based Swing)
Entry Zone: $0.567 โ $0.588
Stop-Loss: Below $0.54 (below 0.236 Fib)
Targets:
TP1: $0.609
TP2: $0.637
TP3: $0.664 (swing high)
๐ Entry aligned with the 0.382โ0.5 retracement = high probability bounce zone.
Risk Management
Risk per trade: 1โ2% of capital
Adjust stop-loss based on entry style
Consider reducing exposure during high volatility news
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โ ๏ธ Disclaimer
> This strategy is for educational purposes only and not financial advice. Cryptocurrency markets are highly volatile. Always DYOR (Do Your Own Research) and use risk management tools such as stop-loss orders and proper sizing.