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ENA / TetherUS PERPETUAL CONTRACT

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ENAUSDT.P trade ideas

Technical Analysis of ENAUSDT.PChart Time Frame: 4h Current Price: 0.895 Resistance: 0.922 Support: 0.869 Bollinger Bands (21,2): 0.886 (Lower Band) - 0.917 (Middle Band) - 0.949 (Upper Band) Analysis: Current Price Position: The current price of 0.895 is above the lower Bollinger Band (0.886) but below the middle band (0.917), indicating the price is relatively stable within the lower half of the Bollinger Bands. Support and Resistance: The support level at 0.869 provides a cushion against further price drops, while the resistance level at 0.922 may pose a challenge for upward movement. Bollinger Bands: The Bollinger Bands are slightly wide, suggesting a moderate level of volatility. The proximity of the current price to the lower Bollinger Band and the support level might suggest potential buying opportunities if the price bounces back. Trend Indication: Since the price is currently closer to the support and lower Bollinger Band, it indicates that the price may be consolidating and could potentially reverse to test higher levels like the middle or upper Bollinger Band. Why Run a Martingale Bot for ENAUSDT.P Proximity to Support: The current price is near the support level (0.869), which suggests limited downside potential before hitting a strong support area, providing a favorable setup for a Martingale strategy. Bollinger Bands: The current price is between the lower Bollinger Band and the middle band, indicating potential for price recovery to at least the middle band. Moderate Volatility: The Bollinger Bands indicate moderate volatility, ideal for a Martingale bot that profits from price movements and averaging down. Example Parameters: Price Action (Down): Set the price action (down) percentage to be slightly above the width of the Bollinger Bands' lower segment. Given the moderate volatility and the proximity of the current price to the lower band, setting a trigger at 2-3% below the current price could be effective. Example: 2.5% Take Profit (%): Set the take profit percentage to align with expected reversals within the Bollinger Bands. Given the middle band is at 0.917, a take profit of around 1.5% should capture reasonable gains without being too aggressive. Example: 1.5% Max Safety Orders: The number of safety orders should be sufficient to average down effectively while considering the potential for extended price drops. Since the support level is at 0.869, you might want to allow for several safety orders. Example: At least 5 safety orders Base Order Amount: The base order amount should be a conservative percentage of your total capital to allow for multiple levels of averaging down without risking excessive capital. Starting with 1-2% of your total capital is a prudent approach. Example: 1% of total capital Safety Order Multiplier: Use a multiplier of 1.5 to 2.0 for increasing trade sizes after each loss. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions.
Long
by The_Bull_Trader
ENA is a diamond rocketThis analysis is an update of the analysis you see in the "Related Ideas" section With the completion of the G wave, we expect to see the main uptrend of the ENA The targets are clear on the chart. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
2
ENA ANALYSIS (4H)ENA seems to have entered a large diametric. Now we seem to be inside the E wave of this diametric. We have a good range for buy/long positions, which is actually demand at the bottom of the chart. Closing a daily candle below invalidation will violate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
5
ENAUSD Breaks Out of Falling Wedge PatternENAUSD has successfully broken out of a falling wedge pattern, a bullish chart formation that suggests a reversal from a downtrend to an uptrend. This breakout is a significant technical indicator that may attract increased attention from traders and investors. The falling wedge pattern, characterized by converging trend lines as prices progressively lower, typically concludes with a bullish breakout, indicating potential for substantial price gains. Market participants are now eyeing further upward momentum in ENAUSD, considering this breakout as a pivotal turning point that could lead to sustained higher prices.
Long
by awsmtrades
ENA (Ethena) - New LUNA? 🟢 What is Ethena (ENA)? Ethena is building a derivative infrastructure to allow Ethereum to transform into a global internet bond via delta-neutral positions on stETH, creating the first cryptographic revenue-generating stable coin: USDE. Website www.ethena.fi Fundraising cryptorank.io Westnig(unlocks) cryptorank.io Athena allows users to deposit USD, Ethereum, or Liquid Staking tokens as collateral to create USDe. Stability is provided through a delta-neutral hedging process across centralized and decentralized exchanges. Collateral is distributed to protect custodial wallets in the network, and the corresponding short position is used for delta-neutral collateralization. USDe is the first decentralized, scalable, and stable asset with returns derived from Ethereum's economic activity and futures markets. Tokenomics Maximum Supply ENA 15,000,000,000,000 Total raised | Strategic | Seed $ 20.50M | $ 14.00M | $ 6.50M FDMC $ 14.47B Capitalization $ 148.47M 24-hour trading volume $ 2.37B Circulation ENA 1.43B (9.50% of Max Bid) Tokens Funds on board Team Conclution Last words :) Ethena has become a top synthetic stablecoin and reached $1.89B, showing an unusually high APY for USDe stakers of 35.4% while handing out a generous drop for stakers/lockers of all stripes. The project is currently valued at $13.5B FDV / $1.3B mcap, occupies 15-18% of open interest in the etheEtherd has caused a lot of controversy, as it is compared to another experiment in the field of stablecoins - the defunct UST. Let's find out if ENA is as bad as it is labeled. USDe is a product of Ethena, a synthetic stablecoin. It is a long position of ETH, stETH, bETH, and USDT, concentrated at custodians Copper, Ceffu, and Cobo, and shorts ETH at 1x on the volume of available collateral on exchanges Binance, Bybit, Okx, etc. Athena acts here as a hedge fund, which collects funding using a delta-neutral strategy on deposit funds of the Degen. Since it is a bull market—and longists with shoulders are sometimes ready to pay up to 100% per annum, counting on upside token movement on futures—the aggregate market Ethena is targeting is ETH OI ( FWB:15B ). In the second season of farming, BTC OI ($25B) is added. As of April 2, Ethena has accumulated a $28M reserve fund, which they plan to use to cover interest income payments on days when fundings are negative. On season 2 of Ethena token farming, the project wants to reach a steady volume in the fund of SEED_TVCODER77_ETHBTCDATA:5B ($1.89B now). Maker (DAI stables) decided to inject SEED_TVCODER77_ETHBTCDATA:1B DAI into Ethena, sensing a cool return on capital and weighing all the risks. AAVE, sensing direct competition from Morpho/Maker/Spark, is in favor of assigning DAI 0% LTV, which essentially means a ban on pledging DAI to borrow other assets and off-boarding DAI from the AAVE ecosystem. What systemic risks are seen in Ethena: 1 Risk of slashing some of the staked ethers/loss of keys by staking providers, which would mean incomplete collateralization/shorting bias. 2 Insolvency of one of the exchanges, which could mean overexposure of ETH to longs e.g. in a sharply falling market, which could provoke panic among USDe holders who could start dumping it in pools to other stacks. 3 A long term period of negative rates or near-zero fundings rates for longs - will provoke Ethena to spend its reserve fund, and savvy degens will watch the assets in the reserve fund melt away and will short USDe if by then some of the protocols introduce USDe as an asset to borrow. 4 Derivative instruments that will allow for looping on usde, but will be highly sensitive to peg USDe, and in the event of a systematic attack on the peg - could cause cascading liquidations and unwinding of positions by loopy farming enthusiasts. How does Ethena mitigate these risks? 1 Assets are stored off-exchange with custodians - i.e., bankruptcy of the exchange will not directly affect the collateral but may leave the project exposed to longs without protective shorts. 2 Over the last 3 years - negative interest on OI fundings was only 11% of days. 3 In case the fundings turn negative for shorts - the project could turn some of the open interest around and the scales would tip back towards logisticians, which would bring the fundings back into positive territory. 4 Unstacking from USDe takes 7 days, which may reduce the negative effect on unpegging, because for the sake of maximizing ENA farming, the capital forcibly blocks itself in exchange pools. 5 The risk of anpex of LST constituents to collapse Ethena would require 41-65% unwind vs. a maximum of 8% on stETH in 2022, linked to FTX's hunt for Celsius assets. - Project like LUNA) only with a bunch of updates, with huge support and with a huge rate of noise growth around this project - One of the important aspects is cliff blocks of all funds for a year, which will give the project the opportunity to grow very strongly in all indicators, get support from more structures The project is on Defi Lama in the RWA category, which gives it a plus as this market category is now a hype, and a lot of money is pouring into it. - a new idea for how stables will be managed. - a new pledge system linked to EthEthern the downside - large marketcap, but since the project with a stable, and is already in the top of stables, a large marketcap is normal for such projects, x5-10 from the current will be quite normal in volume. - this stable is decentralized, unlike USDT and USDC, and as practice shows, there can be problems with regulators. - Potential black swan at the end of the bull market) but until then there is still potential to grow. Best regards EXCAVO
Long
by EXCAVO
3