🚨 $ENA Under the Microscope! 🚨
Short-term drop of -6.5% and almost touched a major support at 0.6400.
Technical Analysis: Despite the drop in the H4 timeframe, the daily trend D1 remains supportive, but we await a strong bullish reaction above demand areas 0.6200 - 0.600.
📉 Breaking support at 0.6200 - 0.600 may open the door for a drop down to 0.550$ with a critical Fibonacci correction of 30%.
🎯 Staying above 0.640 is key to regaining momentum and rising.
Important Note: Rejection of the 50% weekly Fibonacci resistance indicates the possibility of a bearish correction of up to 30% towards 0.550$.
Will the buyers succeed in defending?
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