Get started

ENA / UST

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

ENAUST trade ideas

Phemex Analysis #91: Pro Tips for Trading Ethena (ENA)Launched in 2024, Ethena ( PHEMEX:ENAUSDT.P ) has swiftly risen as a powerful innovator in decentralized finance (DeFi). Its flagship synthetic dollar stablecoin, USDe, has achieved remarkable growth—ballooning from a mere $100 million supply at the beginning of 2024 to an impressive $5.8 billion, securing the third position among stablecoins by market capitalization. Concurrently, the ENA token itself delivered an astounding 550% price surge over the last five months, placing Ethena firmly among the top 10 DeFi protocols by total value locked (TVL), currently at approximately $5.8 billion. In December 2024, Ethena expanded its stablecoin offerings by launching USDtb, a stablecoin backed 1:1 by cash and cash equivalents, with a remarkable 90% of reserves held in BlackRock’s USD Institutional Digital Liquidity Fund via Securitize. Ethena’s innovative USDe and the newly introduced USDtb represent crypto-native alternatives to established stablecoins such as USDT and USDC, promising censorship resistance and enhanced on-chain transparency. Given USDtb's institutional-grade backing and advanced risk mitigation, it stands to substantially impact the broader stablecoin ecosystem, particularly as traditional USD-backed stablecoins face heightened regulatory scrutiny. With Ethena’s significant innovations and market momentum in mind, let's carefully examine several potential price scenarios traders should be prepared for. Possible Scenarios 1. Breakout Rise (Bullish Scenario) Technical analysis indicates that ENA has formed a notable "triple bottom" around the $0.25 area, suggesting robust buying interest at this support level. If this support further solidifies, ENA could soon experience a bullish breakout above the immediate resistance at $0.37. However, traders should exercise patience as the $0.50 zone represents strong resistance. It is expected that ENA’s price may fluctuate considerably before breaking confidently above this key psychological level. Pro Tips: Entry Strategy: Look to enter positions upon a confirmed breakout above $0.37, ideally with increasing trading volume. Risk Management: Place stop-losses slightly below recent lows around $0.24–$0.25 to safeguard against false breakouts or reversals. Profit-Taking: Consider partial profit-taking as the price approaches the critical resistance zone near $0.50. 2. Bearish Drop (Caution Scenario) In a bearish scenario, potentially driven by broader negative market sentiment, ENA’s price could experience renewed downward pressure. A decisive, high-volume breakdown below the crucial support at $0.25 would strongly signal this bearish trend continuation. Pro Tips: Short Opportunities: Advanced traders might explore short-selling opportunities if ENA convincingly breaks below the $0.25 support. Risk Mitigation: Set tight stop-losses to manage exposure, particularly if trading in volatile conditions. 3. Accumulation Phase (Neutral Scenario) If the key $0.25 support successfully withstands selling pressure, Ethena’s price may enter a period of consolidation, bouncing between $0.25 (support) and $0.37 (resistance). Such consolidation typically reflects market indecision and accumulation before a substantial directional move. Pro Tips: Range Trading: Consider employing strategies such as grid trading to benefit from regular price oscillations within this trading range. Observation and Patience: Stay observant for changes in volume or price momentum, as these could signal an imminent breakout or breakdown. Conclusion Ethena (ENA) is positioned at an intriguing crossroads, supported by impressive fundamentals, innovations, and growing market influence. Traders should closely monitor the outlined technical scenarios—recognizing key support and resistance levels, employing disciplined risk management, and capitalizing strategically based on evolving market conditions. With careful planning and timely execution, traders can confidently navigate Ethena’s current volatility and capture potential upside opportunities. 🔥 Tips: Armed Your Trading Arsenal with advanced tools like multiple watchlists, basket orders, and real-time strategy adjustments at Phemex. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
ENA At Make-or-Break Demand — Long-Term Thesis on the Line🎯 BINANCE:ENAUSDT Trading Plan: Scenario 1 (Reversal from Demand): Watch for strong reaction in demand zone ($0.24–$0.20) Long-term entries on confirmation (H4/D1 SFP or reclaim above demand) Scenario 2 (Breakdown): No trade if $0.20 breaks with high volume/no bounce Next demand much lower, patience required 🔔 Triggers & Confirmations: Wait for clear reversal signal in HTF demand before entries No knife catching if breakdown occurs 📝 Order Placement & Management: 🟩 Watch Zone: $0.24–$0.20 (set alert) 🛡️ Stop: Below $0.20 (on breakdown confirmation) 🚨 Risk Warning: This is the last major demand before price discovery lower Only enter if there’s clear strength or volume spike on reclaim
Long
by Goldfinch_song
ENAUSDT Ascending Triangle Breakout – Long Setup in PlayThis chart displays a potential bullish breakout for ENAUSDT on a lower time frame, forming a classic ascending triangle pattern. The price has been making higher lows while repeatedly testing the horizontal resistance around $0.303, signaling increasing buying pressure. A long position has been initiated right at the breakout point, with: Entry: Around $0.303 Stop Loss: Below the ascending trendline, around $0.290 Take Profit: Targeting above $0.34, offering a highly favorable risk-to-reward ratio. This setup suggests a continuation of the bullish move if the breakout holds, especially if accompanied by increased volume.
Long
by NakamotoZzzz
1
ENA About to Explode or Dump? Key Levels You Can’t Ignore!Yello Paradisers — are you positioned right for the next potential explosion in #ENA, or will you get caught on the wrong side of the move like most retail traders? After a brutal grind in a descending channel, something big is brewing... and it’s coming faster than many realize. Let's dive in. 💎#ENAUSDT currently facing a key resistance at the upper boundary of the descending channel, clearly tested multiple times and respected well by the market structure. A candle close above this channel would trigger a confirmed breakout, which opens up a clean path for continued upside movement — the next major target sits at the resistance zone between 0.446 and 0.4725. 💎There’s a high-probability alternative setup unfolding as well: ENA holding the S/R level around 0.3448 and the demand zone below, which aligns perfectly with the multi-timeframe EMA support. If this area holds strong, expect another impulse move toward our resistance zone as momentum builds. 💎Price had been forming lower highs and lower lows, respecting the downtrend But recently we observed a Clear Change of Character (ChoCH) — ENA broke market structure by forming a higher high.What usually follows? A higher low, and that’s where we are now. 💎The most probable scenario is for price to pull back to the S/R level or dip into the demand zone, and then form a higher low before making the next leg upward toward resistance. 💎Invalidation is simple and must be respected: if we see a confirmed candle close below 0.2798, then the bullish case breaks and the setup is no longer valid. This is where you must cut quickly, avoid hope-trading, and reassess the structure from scratch. Don’t chase. Don’t panic. React with strategy, not emotion. This is how real professionals win in crypto. Stay sharp, Paradisers. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
ENA - Already Over-Sold!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈ENA has been overall bearish trading within the falling channel marked in red and it is currently retesting the lower bound of the channel. Moreover, the blue zone is a strong demand. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of demand and lower red trendline acting as a non-horizontal support. 📚 As per my trading style: As #ENA approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
3
ENA 3D LONG SETUPMIL:ENA is holding tight above the 3D demand cluster at $0.3199–$0.3397 (61.8–78.6% Fib). With equal lows just below, we could see a stop-run before a real reversal. 1. Context & Structure • Key support defended at $0.3199–$0.3397 • Demand zone aligns with Fib levels (0.618–0.786) • Series of equal lows (~$0.3199) sets up a liquidity sweep area • Wide-range resistance at $0.4629 and major weekly supply at $1.2003 2. Plan & Levels – Buy Zone: $0.31–$0.32 (add on pullbacks) – Stop‐Loss: $0.2390 (below equal lows/liquidity zone) – Take‐Profits: 1️⃣ $0.4629 (swing high) 2️⃣ $1.2003 (weekly supply cluster) Conclusion Long bias remains intact while $0.31 holds. Look to scale in at the green zone, tighten stops on strength, and target the 0.4629–1.2003 area for major resistance. Patience and proper risk management are key. 🚀
Long
by Goldfinch_song
ENA Coiling Up — Parabolic Rally or Pullback Ahead?$ENA/USDT Analysis: Price is currently moving sideways, stuck between a clear support and resistance zone. It’s been bouncing off the lower support zone and consistently facing rejection from the upper resistance zone. A breakout above the resistance could trigger a strong upward move — possibly a parabolic rally. On the flip side, if it breaks below the support zone, we could see a deeper correction. Until then, it’s all about patience and watching for that breakout or breakdown confirmation. DYOR, NFA
Long
by unichartz
#ENA/USDT#ENA The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.3430. We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend. We are looking for stability above the 100 moving average. Entry price: 0.3521 First target: 0.3608 Second target: 0.3728 Third target: 0.3882
Long
by CryptoAnalystSignal
#ENA/USDT#ENA The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We are experiencing a rebound from the lower boundary of the descending channel, which is support at 0.3700. We are experiencing a downtrend on the RSI indicator, which is about to break and retest, supporting the upward trend. We are looking for stability above the 100 Moving Average. Entry price: 0.3911 First target: 0.4100 Second target: 0.4235 Third target: 0.4410
Long
by CryptoAnalystSignal
ENA: 300% Potential Rally!Hello Traders! 👋 Here’s a quick analysis of ENA on the Daily Timeframe 📈: ENA has shown a solid rebound, forming a support trendline, and is currently holding the 21 EMA as strong support. With the overall market showing bullish momentum, ENA has the potential to rally up to 300% in the coming days! 🚀 🧠 Trading Strategy: • Entry: $0.27 to CMP • Type: Spot 💼 • Target: $0.80 – $1.20 🎯 🔔 Note: Always do your own research (DYOR) before investing. Trade wisely and manage your risk! ⚠️📊 #ENA
Long
by Dexter_The_Trader
1
Ethena Short-Term Trade-Setup: Easy Profits 708%Ethena is now ready to produce a new advance, higher prices. The (1) shows a low before the last bullish jump. The (2) is a higher low which tends to lead to a higher high. Looking at the Altcoins market, looking at Bitcoin and how strong it is; looking at the volume and candles, all is green. ENAUSDT is ready to grow short-term, which means fast; the next advance is likely to start within days. The start will happen soon but the end is far away. Look, the bottom has been forming for months. The bearish wave ended in March, then the market flush and now the recovery; prices are still low. The thing is that once the action starts, there is no going back, it will happen so fast that by the time you look at the market, at the chart, everything will be 100% to 200% up. There will be more growth, but is better to get in early. Thanks a lot for your continued support. Buy and hold. Namaste.
Long
by MasterAnanda