🟡 $ENA – Price Analysis (Update)🟡
Remember my previous view? 👀
After a solid +20% rally from the yellow zone, price has nearly retraced back to square one.
Key tip: Don’t sleep on your gains! (Except if you’re in for the long-term, of course.)
Currently, momentum looks neutral, with price trapped between $0.4000 and $0.3600 on the daily timeframe.
📉 Daily support is being tested, but the H4 chart is turning bearish.
This suggests we could see a breakout below the current supporta reflecting a clear lack of buy pressure at these levels.
My take:
A potential retest of the $0.3200 – $0.3150 zone to grab liquidity lower could set the stage for the next rally upwards.
🚦 Caution: As long as price is capped below $0.4100, going long in this range feels quite risky.
Better to wait for stronger confirmation or deeper pullback before considering new entries!
