$ENS: What I fear most isn’t that it won’t go up—it’s a rise with no buy pressure.
From 4.4750 to 5.8500, a move of 30.1%.
But the active buy orders—meaning the portion that truly chases the price when buying—have a buy/sell ratio of only 0.84.
Still less than 1.
That means: the price is rising, but no one is actively chasing it.
So who is pushing the price?
There are two possibilities.
First:
Sellers are canceling orders. The buy side hasn’t increased, but the price is being passively pushed higher.
Such a rally can’t last.
Second:
There are large orders slowly propping up the price, waiting for retail traders to chase in before distributing (selling).
This kind of rise is even more dangerous.
Right now, I only care about one thing:
Whether the buy side truly catches up.
If, after a break above 5.8620, active buy orders start increasing noticeably → the uptrend might be real.
If it surges to around 5.8620 but the buy orders still can’t come up → the risk of a fake breakout is very high.
Until the volume catches up, I won’t chase.
Will you wait for this signal?
Click the small card below to quickly check the market👇
From 4.4750 to 5.8500, a move of 30.1%.
But the active buy orders—meaning the portion that truly chases the price when buying—have a buy/sell ratio of only 0.84.
Still less than 1.
That means: the price is rising, but no one is actively chasing it.
So who is pushing the price?
There are two possibilities.
First:
Sellers are canceling orders. The buy side hasn’t increased, but the price is being passively pushed higher.
Such a rally can’t last.
Second:
There are large orders slowly propping up the price, waiting for retail traders to chase in before distributing (selling).
This kind of rise is even more dangerous.
Right now, I only care about one thing:
Whether the buy side truly catches up.
If, after a break above 5.8620, active buy orders start increasing noticeably → the uptrend might be real.
If it surges to around 5.8620 but the buy orders still can’t come up → the risk of a fake breakout is very high.
Until the volume catches up, I won’t chase.
Will you wait for this signal?
Click the small card below to quickly check the market👇