$ENA is hesitating at a critical position... The next steps are very important
Technical Analysis:
From the 15-minute perspective, ENA pulled back after a surge, and the current price is fluctuating around the middle track.
The Bollinger Bands are starting to narrow, indicating that short-term volatility is compressing.
The lower area around 0.248 has been tested multiple times, showing temporary signs of support.
My Opinion:
Tending towards oscillation with a bullish bias, but confirmation is needed.
As long as it does not break below the key support, there is still a chance for the bulls to test the highs again.
Buying Range (Reference):
0.2480 – 0.2490
Target Levels:
TP1: 0.2520
TP2: 0.2550
TP3: 0.2590
Stop Loss:
Below 0.2455
Possible Reasons Driving the Price:
• Short-term pullback has not broken the previous low, the structure is still intact
• Trading volume is decreasing, possibly waiting for a directional choice
Do you think $ENA will break upwards first, or will it wash again?
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