🔥 $ENA solid bull run lately, but it's flashing some overbought vibes that make me think a quick pullback could be coming before it pushes higher. Overall, I'm still cautiously bullish, betting on a dip before the next leg up
Volume on those 1-hour candles is telling: it's tapered off during this consolidation, like the last one only hit 1.15M compared to earlier surges over 50M. Feels like the push is losing a bit of steam right up against resistance.
Capital flows aren't helping the short-term picture either—both contracts and spot are seeing outflows across timeframes, think -2.3M USDT on contracts and -1.57M on spot over 24 hours. Classic profit-taking near the top, folks cashing in while it's hot.
Entry longs $ENA : I'd sit tight and wait for it to drop to supports level at 0.2172 or next support around 0.2119 for a sweeter entry—don't chase it now with things stretched.
Stop loss at about 3% below wherever you get in, say 0.2107 if entering at 0.2172
Targets $ENA : Shoot for Resistance level at 0.2288 or stretch to next resistance at 0.2340
