⚠️ $ENA Dumps -12.23% — Panic or Prime Opportunity?

📊 Market Snapshot:

Price: $0.5798

24h Change: ▼ -12.23%

Momentum: Bearish breakdown after rejection from resistance

Volume: Spiking — panic selling or smart money positioning?

RSI: Dropping toward oversold territory

🧠 What’s Going On?

Ethena’s sharp drop signals a major shakeout. Whether it’s weak hands exiting or a deeper shift in sentiment depends on what happens next at key support.

This is where real traders step in — or step aside.

🔑 Key Technical Zones

Support Zone: $0.5600 – $0.5750 (last stronghold before deeper dive)

Entry Range: $0.5700 – $0.5800 (only if signs of stabilization emerge)

Stop Loss: Below $0.5500 (clear invalidation level)

Upside Targets: $0.6100 → $0.6450 (if reversal bounce happens)

🎯 Trade Idea

Watch for bullish reversal candles on the 1h/4h timeframe

Don’t rush — let it prove strength before entering

Reward/risk becomes attractive only if support holds

⚙️ Strategy Type:

High-Risk Reversal Play / Oversold Reaction

📊 Confidence Level: Medium-Low — only for skilled dip-buyers. Volume tells the truth.

💬 Comment “ENa