ENA is up 12% with $183.7M in volume. But here is the thing that should worry you: volume is DECLINING.
Price is pushing higher but the volume behind it is fading. That is the classic late-stage rally signal. Daily RSI at 77.8 is deep in overbought territory. 4h RSI 64.9 and MACD still bullish — but the fuel is running out.
💡 Why This Trade?
When price rises on falling volume, it means buyers are exhausted. The rally could extend but reversals at this stage tend to be sharp. I am watching for a rejection near SMA7 4h ($0.164) or the ATR-based resistance. Patience over FOMO.
📊 Trade Plan (Short on Weakness):
• Entry: $0.1750 — $0.1837
• Stop Loss: Above $0.184
• TP1: $0.1765 | TP2: $0.1833 | TP3: $0.1900
⚠️ R:R 0.5 — counter-trend, so size accordingly.
🤔 Are you taking profits here or riding further? Let me know 👇
#ENA #CryptoAnalysis #DYOR
⚠️ This is personal analysis, not financial advice. Always DYOR and manage your own risk.
Price is pushing higher but the volume behind it is fading. That is the classic late-stage rally signal. Daily RSI at 77.8 is deep in overbought territory. 4h RSI 64.9 and MACD still bullish — but the fuel is running out.
💡 Why This Trade?
When price rises on falling volume, it means buyers are exhausted. The rally could extend but reversals at this stage tend to be sharp. I am watching for a rejection near SMA7 4h ($0.164) or the ATR-based resistance. Patience over FOMO.
📊 Trade Plan (Short on Weakness):
• Entry: $0.1750 — $0.1837
• Stop Loss: Above $0.184
• TP1: $0.1765 | TP2: $0.1833 | TP3: $0.1900
⚠️ R:R 0.5 — counter-trend, so size accordingly.
🤔 Are you taking profits here or riding further? Let me know 👇
#ENA #CryptoAnalysis #DYOR
⚠️ This is personal analysis, not financial advice. Always DYOR and manage your own risk.