$ENA is getting ignored at the interesting part.
$0.1403, down 5.78% today, with $26.77M traded. Ugly tape. 🩸
The 4h move is already -3.6%, RSI sits at 32, and price is only 4% above the 30d low. Funding is slightly negative, so shorts are paying while volume is just 0.7x the 20d average.
Still bearish. Below both the 20d and 50d MA, and 38% off the 30d high. I’m watching $0.14. If it holds, I want reclaim strength there, not a blind chase. $BTC weakness won’t help either.
Quiet alpha or dead cat?
Am I early or late on ENA? 👀
#ENA #Crypto
$0.1403, down 5.78% today, with $26.77M traded. Ugly tape. 🩸
The 4h move is already -3.6%, RSI sits at 32, and price is only 4% above the 30d low. Funding is slightly negative, so shorts are paying while volume is just 0.7x the 20d average.
Still bearish. Below both the 20d and 50d MA, and 38% off the 30d high. I’m watching $0.14. If it holds, I want reclaim strength there, not a blind chase. $BTC weakness won’t help either.
Quiet alpha or dead cat?
Am I early or late on ENA? 👀
#ENA #Crypto