🚨 $ENA Oversold Signal, Big Opportunity or Bull Trap? 🚨

ENA is sitting at $0.68 right now, and the 4H RSI is at 20 – that’s deep in oversold territory. Historically, when RSI hits this level, we often see sharp bounces as buyers step in to scoop discounts.

But here’s the catch:

📉 RSI <30 = oversold, but oversold can stay oversold longer in strong downtrends.

📊 Volume confirmation will be key. If buyers step in here, we could see a fast relief rally back toward the $0.75–$0.80 zone.

⚠️ If momentum fails, ENA could test lower supports around $0.62 before finding a true bottom.

🔎 Conclusion:

Aggressive traders might consider this a potential short-term bounce entry with tight risk management. But for safer entries, waiting for RSI + volume confirmation could save you from catching a falling knife.

👉 Is ENA a buy right now? It’s high-risk, high-reward, oversold bounces can be explosive, but patience may bring a cleaner entry.