$ENA surged to 0.1624, up 10.85% in 24h. I’m not in a rush to chase this one. Trading volume of $181.5M looks strong, and it’s like the big bullish candles we’ve seen before. But the real trouble usually shows up on the second pullback. I’ve heard the market is starting to focus on the stablecoin yield narrative again, but the chart only recognizes volume and price—it doesn’t care about stories. I’ll click into the token page first to check two things: whether the 1h pullback held above 0.157528, and whether the trading volume is still expanding. Above 0.172144, if it can’t break through with strong volume, then treat it as an emotional rebound for now. Only if it reclaims that level and can consolidate while shrinking volume do we have room to discuss the next move. The endgame is simple: watch 0.157528—if it breaks, don’t stubbornly hold. I’ll add it to my watchlist, but I won’t change discipline just because of a single big bullish candle. Similar patterns have shown up before: the first wave is the most exciting, but what truly determines profit or loss is whether someone steps in during the pullback. So today I won’t guess the top or try to catch the bottom. I’ll just watch whether, when the price comes back near the watch line, buyers are still willing to show up.