Given the current price of Ethena ($ENA ) at $0.4586, here's a concise trading plan :
#spot - Entry Point:Consider buying above $0.46, given potential for growth after recent market fluctuations.
- Stop-Loss:Set at $0.44 to limit potential losses.
- Target: $0.50-$0.5635 in the short term, with potential for further growth to $1.516972 (all-time high).
Key Factors:
- Recent Price Action: ENA is down 6.7% in the last 24 hours, with a 24-hour trading volume of $404.78 million.
- Technical Indicators:Mixed signals with ADX indicating strong trend strength, MACD signaling selling pressure, and RSI in buying territory.
- Market Sentiment: Keep an eye on market sentiment and adjust strategy accordingly; ENA's market cap is $3.30 billion.