The rebound on the $ENA -hour chart is a last flicker before surrender. The verdict is clear: in a bear market, the longs are surrendering. I’m locking myself to the short side at this level—completely. Five four-hour bearish candles have wiped out nearly ten percent; the price is only barely above a week’s low. Daily, the contract warrants have been drained by nearly ten percent—there isn’t even a decent resistance here. The moment a rebound shows up, the active order flow chews it up and leaves nothing. Everyone “buying the dip” is picking up a falling knife. This clearing process isn’t even close to being over yet.