#ENA empty, must be empty! This b thing’s fundamentals are basically not bad, but fundamentals determine the ceiling and the room at the bottom. And this up-move is basically a short-squeeze type of move caused by liquidations of leveraged positions. The liquidation chart also shows that the market has shifted from a squeeze-driven rally to a long-versus-short game.
So entering a position at this level to bet on the subsequent high reward-to-risk setup is still very attractive. If the market can’t break the previous high and instead transitions into range-bound consolidation in the high-price area, you can directly see 0.126
$ENA
So entering a position at this level to bet on the subsequent high reward-to-risk setup is still very attractive. If the market can’t break the previous high and instead transitions into range-bound consolidation in the high-price area, you can directly see 0.126
$ENA