Satoshi Frame | ETHFI Tests $0.6197 Weekly Resistance

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Satoshi Frame | ETHFI Tests $0.6197 Weekly ResistanceETHFI / TetherUSBINANCE:ETHFIUSDTsatoshiframee🦉 Welcome To SatoshiFrame Tradingview Channel. ⛳️ Lets dive into a Ethena analysis. ⭐ ETHFI on the daily timeframe broke above the $0.4640 resistance level with increased buying volume and moved toward its next resistance. The price is currently trading just below the weekly resistance at $0.6197. ⛏ The recent bullish move has been accompanied by increasing buying volume, and the price has now formed a higher low at $0.5217 compared to its previous low. ✅ If buyers manage to break above the $0.6197 weekly resistance, the price could continue moving toward the next weekly resistance level. 👍 However, if the price fails to break the current weekly resistance and gets rejected back toward the $0.5217 low, losing this level could lead to a decline toward the $0.4640 daily support level. ⚠️ Risk management and capital management are essential in trading. Always trade based on your own strategy and risk tolerance. Every trading decision and its outcome are entirely your own responsibility.