ENAUSDT 1H LONGENA looks cheerful and even very good. Taking into account the situation on the cryptocurrency, this trading instrument remains positive, both fundamental and market.
Rebalancing FGV and retest OB (bullish inefficiency) can create good conditions for finding a long setup.
An example of work is shown on the trading chart
Targets:
- $0.4300
- $0.4528
- $0.4801
Risk management - 1% on stop order
Enausdtrading
ENAUSD: Buy signal at the bottom of the Megaphone.Ethena just turned neutral on its 1D technical outlook (RSI = 47.814, MACD = -0.029, ADX = 25.505), which considering the +8% rise today, signifies the enormous upside potential of this coin. This is expected as the long term pattern is a Bullish Megaphone nonetheless. Each of the two HH formations on its top, where on the 4.0 Fibonacci extension. Buy and target the 4.0 Fib (TP = 2.4000).
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