$ENA — Will the correction continue?
The price is facing selling pressure after a clear rejection from the 0.1622–0.1629 supply zone, with momentum weakening despite the overall uptrend remaining in place.
Monitoring zone: 0.1606–0.1591
🎯 Targets:
Target 1: 0.1600
Target 2: 0.1596
Target 3: 0.1591
📌 Invalidation level:
A clear price close above 0.1629 would invalidate the current correction scenario.
Technical reading:
The price has started to lose momentum below the supply zone, and the short moving averages have begun to weaken. The most likely scenario is a gradual pullback toward the uptrend line, while the overall picture stays bullish as long as dynamic support is not broken.
The price is facing selling pressure after a clear rejection from the 0.1622–0.1629 supply zone, with momentum weakening despite the overall uptrend remaining in place.
Monitoring zone: 0.1606–0.1591
🎯 Targets:
Target 1: 0.1600
Target 2: 0.1596
Target 3: 0.1591
📌 Invalidation level:
A clear price close above 0.1629 would invalidate the current correction scenario.
Technical reading:
The price has started to lose momentum below the supply zone, and the short moving averages have begun to weaken. The most likely scenario is a gradual pullback toward the uptrend line, while the overall picture stays bullish as long as dynamic support is not broken.
