šLONG: $ENA /USDT (4H)
Analysis:
The Ethena 4H chart shows a breakout above a descending trendline, suggesting bullish potential. The pullback to 1.0396 presents an attractive entry point. Technical indicators support a move higher, with stop-loss wisely set at 0.943 to manage risk.
Price Targets:
Momentum could push prices to our targets: 1.3357, 1.4724, and eventually 1.8556. Each level corresponds to Fibonacci retracement, indicating areas of potential resistance and profit-taking. Keep an eye on volume for confirmation!