$ENA had the momentum.
Now it’s starting to look like the market is squeezing the last buyers in before the fade.
Short 0.102 – 0.108
SL 0.114
TP1 0.098
TP2 0.091
TP3 0.084
This isn’t the clean impulsive push it was earlier.
Price is still moving up, sure… but the quality of the move is changing:
* candles lose expansion,
* reactions get heavier,
* and continuation starts feeling forced near resistance.
That’s usually where exhaustion hides before the market shows it clearly.
Most people will keep buying because the chart hasn’t broken yet.
But crowded longs near supply are exactly what fuel sharp downside rotations later.
If this zone keeps capping price, the unwind can happen very quickly once momentum finally snaps.
I’d rather position into fading strength than chase the last stretch of the move.
Short $ENA here 👇
