$ENA BELOW $0.170—BUY THE DIP OR WAIT?
ENA is around $0.1641 in my latest chart snapshot, down approximately 9.34%, with the daily candle still unfinished.
The lower-high structure remains intact, and price is below the recent $0.170 support reference. I’m not treating the drop alone as a buying opportunity.
📍 First resistance: $0.170
📍 Lower support references: $0.150, then $0.143–$0.145
With a proposed $0.142 stop, an entry at $0.1641 offers only about 0.27R to $0.170—well below my 1.5R minimum.
I’m waiting for stabilization and a fresh setup with a defensible stop. Touching support is not enough.
Status: watchlist—not an active entry.
Levels are approximate and based on a closing-price line-chart study. Verify the current price before acting.
Would you wait for a $0.170 reclaim or watch for support confirmation lower down?
#ENA #Ethena #SpotTrading #TradingSetup