$ENA This rebound is kind of interesting—within 24 hours it surged 5.9%, but volume has contracted a lot; the trading value is only about $13 million. The RSI is at 49, neither high nor low, suggesting the bulls haven’t fully kicked in, but they also haven’t been crushed by the bears. Current price is 0.0837; a 5.9% range isn’t small—short-term capital is clearly in a tug-of-war.
The trend looks bullish, no doubt, but a rally on shrinking volume always leaves you uneasy; chasing higher can easily get you caught in a pullback. The key is whether it can increase volume and hold steady above 0.085; otherwise, it will most likely continue grinding between 0.08 and 0.085. In terms of strategy: if you’re more aggressive, you can wait for a dip near 0.082 and try a small long position; if you’re more conservative, wait for a volume-confirmation signal before moving. Remember: in a low-volume market, the most feared thing is a false breakout.
Do you think this move can keep going? Let’s chat in the comments
$ENA #ENAUSDT #crypto market
The trend looks bullish, no doubt, but a rally on shrinking volume always leaves you uneasy; chasing higher can easily get you caught in a pullback. The key is whether it can increase volume and hold steady above 0.085; otherwise, it will most likely continue grinding between 0.08 and 0.085. In terms of strategy: if you’re more aggressive, you can wait for a dip near 0.082 and try a small long position; if you’re more conservative, wait for a volume-confirmation signal before moving. Remember: in a low-volume market, the most feared thing is a false breakout.
Do you think this move can keep going? Let’s chat in the comments
$ENA #ENAUSDT #crypto market