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⛳️ Lets dive into a Ethena analysis.
✨ Ethena found support at the weekly level of 0.0703$ after its recent decline and has formed a ranging box, with price reacting to the top of this box three times.
✅ If buyers manage to break the 4-hour resistance at 0.0815$, price could move toward the next resistance levels.
😈 On the other hand, if price gets rejected from the current resistance, losing the weekly floor at 0.0703$ could push price down toward the next support levels.
⚠️ Risk management and capital management are essential in trading. Always trade based on your own strategy and risk tolerance. Every trading decision and its outcome are entirely your own responsibility.
⛳️ Lets dive into a Ethena analysis.
✨ Ethena found support at the weekly level of 0.0703$ after its recent decline and has formed a ranging box, with price reacting to the top of this box three times.
✅ If buyers manage to break the 4-hour resistance at 0.0815$, price could move toward the next resistance levels.
😈 On the other hand, if price gets rejected from the current resistance, losing the weekly floor at 0.0703$ could push price down toward the next support levels.
⚠️ Risk management and capital management are essential in trading. Always trade based on your own strategy and risk tolerance. Every trading decision and its outcome are entirely your own responsibility.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.