đŻ $ENA Long Setup (Ethena)
Entry Zone: ~$0.46 â $0.48 (if price pulls back and finds support near key moving average)
Stop Loss (SL): ~$0.44 (just under support / MA level)
Profit Targets (TPs):
âTP1: ~$0.56
âTP2: ~$0.58
âTP3: ~$0.60+
đ Context & Reasoning
$ENA âs price is currently above its key short-term moving averages (MAâŻ7, MAâŻ25, MAâŻ99) â these can act as dynamic support zones on pullbacks.
The RSI is extremely overbought (ââŻ96) in the short timeframe, so a retracement to the support zone (entry area) gives a better reward/risk.
On a broader outlook, ENA is holding important support zones and is seen by some analysts as poised for further gains if it breaks resistance (e.g. $0.45 and above) Blockonomi+2TBN
A clean bounce or reversal candle(s) in the entry zone (with confirmation in volume / momentum) is your trigger.
If ENA fails to hold below ~$0.44, this long idea becomes invalid.
#ENA #LONGâ #FutureTarding #BinanceSquare
Buy Long Here $ENA