#DanielNadem

Ethena (ENA) is showing some resilient price action today, trading around the 0.2066 – 0.2128 range on Binance. After a sharp pullback that tested the 0.1980 support zone earlier this week, the token has managed to find immediate buyers, signaling that the "breakout base" is being defended by bulls.

This type of aggressive recovery often suggests a "liquidity grab" where weak hands were shaken out before a potential trend continuation. With the broader market cap holding steady near $3 trillion, ENA's attempt to stabilize above the 0.2040 mark is a positive sign for short-term momentum traders. If it can clear the minor resistance at 0.2140, the path opens up for a more significant test of the 0.2200 level.

📈 Reactive Long Setup: $ENA/USDT

* Entry Zone: 0.204 – 0.207

* Take-Profit 1: 0.214 (Immediate Resistance)

* Take-Profit 2: 0.220 (Psychological Target)

* Take-Profit 3: 0.223 (Structural High)

* Stop-Loss: 0.198 (Below recent liquidity sweep)

Risk Note: While the setup is technically sound, the funding rate for ENA perps is slightly negative, indicating that the market is still leaning cautious. Keep your risk well-defined at 1-2% as a break below the 0.198 support would likely invalidate the bullish thesis and lead to a retest of the October lows.