๐ Ethena Pulls Back โ Down 4% After Recent Surge
๐ Snapshot:
Price: $0.7658
24h Change: โผ -4.00%
Trend: Cooling off after a strong multi-day rally
Volume: Moderate โ no signs of panic selling
Momentum: Slightly bearish in the short term, but higher lows still intact
๐ Market Insight
After a solid run recently, ENA is taking a breather. The pullback looks more like healthy profit-taking than a trend reversal, especially since buyers are still active above $0.7500.
๐ก๏ธ Key Levels to Watch
Support: $0.7500 โ $0.7420 (strong buyer zone)
Rebound Trigger: $0.7800 (break here could restart rally)
Resistance: $0.8000 โ $0.8150 (profit target area for bulls)
Stop Loss Idea: Below $0.7380 to protect against deeper drop
๐ฏ Trading Plan
Watch for bullish reversal candles near $0.7500
Aggressive buyers may scale in early โ conservative traders may wait for $0.7800 breakout confirmation
Take partial profits near $0.8000 and $0.8150
๐ก Pro Tip: ENA has shown strong recovery potential after dips โ patience during pullbacks often rewards swing traders.
