ENA just broke below the lower Bollinger Band with 3 consecutive bearish candles — the selling pressure is relentless.
$ENA $0.0742 Short TP $0.0720 SL $0.0755
Price is trading below every moving average on the 4H chart (MA7 $0.0776, MA25 $0.0777, MA50 $0.0819) with RSI diving to 37.5 and no higher low in sight — this downtrend has room to run toward the $0.0699 60-day support.
Volume on the last 4H candle was 32% below average at just 0.68x the 30-candle mean — not a capitulation bounce but a quiet breakdown that typically precedes another leg down.
DYOR
$ENA $0.0742 Short TP $0.0720 SL $0.0755
Price is trading below every moving average on the 4H chart (MA7 $0.0776, MA25 $0.0777, MA50 $0.0819) with RSI diving to 37.5 and no higher low in sight — this downtrend has room to run toward the $0.0699 60-day support.
Volume on the last 4H candle was 32% below average at just 0.68x the 30-candle mean — not a capitulation bounce but a quiet breakdown that typically precedes another leg down.
DYOR