still not in @liquidtrading discord? you're making a mistake
it's not just a chat, it's a place where traders actually share how they trade and why they make certain decisions
here's what you can find there:
⤷ strategy channel with full position breakdowns and entry logic
⤷ active chat to discuss markets, strategies and ideas anytime
⤷ content channel where the community supports quality posts and the team rewards active contributors with roles
if you're using Liquid and still not in the discord - you're missing a lot
join in: https://t.co/QkgFhSNt6P
@KyleDeWriter honestly if u r trying to learn the trenches, i'd spend less time chasing random 2x plays and more time talking to people who actually trade them
might be worth checking out: https://t.co/eI5hqsaO9f
most people are looking at the recent ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 bounce and seeing the start of a recovery
i'm not convinced the market is pricing this setup correctly yet
Ethena as a protocol can keep growing, but that doesn't automatically mean ENA has to move with it
the token is still mainly governance focused, while ongoing unlocks continue adding new supply to the market
so for now, i see the recent bounce as altcoin rotation rather than a confirmed trend reversal
my setup on @liquidtrading:
→ looking for a short around $0.085-0.088
→ first target near $0.075
→ main target around $0.070-0.072
→ stop loss around $0.09-0.095
i'm not bearish on Ethena as a product
i'm bearish on the idea that the protocol's success is already automatically captured by the ENA token