To be honest, don’t let that little rebound muddle you— the main show is still coming. This ramp-up-style pull from $ENA looks exciting, but the way the market looks to me is four words: externally strong, internally weak. The volume-and-liquidity structure hasn’t kept up with the price at all. In particular, this kind of low-volume rally at key resistance levels is often nothing but a paper tiger. Let’s break down the logic of this move. From the bottom it has indeed doubled, but the path to that doubling is a classic step-by-step baiting pattern—each step comes with a clear buildup of profit-taking sell pressure. What makes me even more cautious is that the batch of tokens will be unlocked in two weeks. This isn’t something new; the project’s team has used the same playbook before. Each time, they first pump it to create the illusion that a breakout is coming, and then once the tokens land in hand, they simply dump and unload.
What do you call that? A track record.
Right now, the risk-reward on the chart is badly skewed. If you chase long positions upward, you’ll face the sell pressure that’s about to surge. Downward, the room is actually even more wide open because the prior gains were already too big. I’ve been waiting for this point—waiting for a confirmation of a reversal signal. Now the structure is getting more and more like it. Don’t bring up fundamentals. At this time node, the token/position structure is the biggest fundamental.
My view is very clear: the sustainability of this rebound is questionable. The closer it gets to the unlock date, the stronger the expected sell pressure on the chart will be. The long side that chases in now—let’s be frank—is essentially providing liquidity for someone else’s distribution. We just stay patient. Let the market play out on its own; once the energy of this pump is exhausted, the truth will naturally come out. You don’t need me to say the direction, right? We’ve seen this script way too many times.
Watching the vastness of the mountains, and observing the market’s subtle shifts.
Travel with Uncle Xiong, and witness the ever-changing balance of gains and losses.
#ENA
Click below to trade 👇
What do you call that? A track record.
Right now, the risk-reward on the chart is badly skewed. If you chase long positions upward, you’ll face the sell pressure that’s about to surge. Downward, the room is actually even more wide open because the prior gains were already too big. I’ve been waiting for this point—waiting for a confirmation of a reversal signal. Now the structure is getting more and more like it. Don’t bring up fundamentals. At this time node, the token/position structure is the biggest fundamental.
My view is very clear: the sustainability of this rebound is questionable. The closer it gets to the unlock date, the stronger the expected sell pressure on the chart will be. The long side that chases in now—let’s be frank—is essentially providing liquidity for someone else’s distribution. We just stay patient. Let the market play out on its own; once the energy of this pump is exhausted, the truth will naturally come out. You don’t need me to say the direction, right? We’ve seen this script way too many times.
Watching the vastness of the mountains, and observing the market’s subtle shifts.
Travel with Uncle Xiong, and witness the ever-changing balance of gains and losses.
#ENA
Click below to trade 👇