ENAUST trade ideas
$ENA - dPOC and ImbalancesRecently, there’s been a noticeable increase in VC/KOL backing Ethena (ENA).
XETR:ENA has broken out above $0.30 and now price is at key resistance at 0.46
Stay below 0.445 on the hourly chart, and we could see a decline toward the 0.40 to 0.38 range (wVAP) . A bounce is likely here, followed by a potential retest of 0.44 (dPOC) .
Any rejection we get at 0.44, I'm expecting for the singleprints to be filled at 0.36 to 0.28 zone.
#ENA/USDT#ENA
The price has broken the descending channel on the 1-hour frame. To the upside and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have an upward trend on the RSI indicator that supports the rise by breaking it to the upside
We have a support area at the lower limit of the channel at a price of 0.2700
Entry price 0.2900
First target 0.3300
Second target 0.3609
Third target 0.3963
Buy Trade Strategy for ENA: Fundamental Insights and Risk**Descrizione**:
This trading idea centers on ENA, a cryptocurrency designed to offer innovative solutions within the decentralized finance (DeFi) space. ENA’s unique blockchain architecture and growing adoption in decentralized applications make it an intriguing asset for long-term investors. The project’s partnerships and developments highlight its potential to contribute to the evolving DeFi ecosystem, positioning ENA as a contender for future growth.
That said, the cryptocurrency market remains unpredictable, influenced by a variety of factors such as technological advancements, market sentiment, and regulatory developments. Due to the volatile nature of the market, investors in ENA should carefully evaluate their risk tolerance.
**Disclaimer**:
This analysis is intended solely for informational purposes and does not constitute financial advice. Cryptocurrency trading is highly speculative and subject to significant risks, including the possibility of losing your entire investment. It is crucial to conduct thorough research and seek professional advice when making any financial decisions. Past performance is not a guarantee of future results.
#ENA/USDT#ENA
The price is moving in a descending channel on the 12-hour frame and is sticking to it to a large extent and it was broken upwards
We have a bounce from the lower limit of the channel at a price of 0.200
We have an upward trend on the RSI indicator, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.220
First target 0.257
Second target 0.286
Third target 0.322
ENAUSDTGood Luck >>
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The risk management of the position must comply with the stop loss.
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