ENA bulls are already dead—don’t keep fantasizing! A fee rate of 0.005%, not even the slightest desire for bulls to keep adding positions. The contract is actively selling: 15.88 million dumped while buyers were only 10.23 million, crushing the order book. The taker long/short ratio is 0.64, and leveraged long positions were beaten the entire way. The 1D high at 0.2811 spiked and then ended—no continuation. In the 4-hour chart, it’s a string of red candles with a net drop of 6.37%. Price is crawling without strength just 2.79% below the MA50—this is what you call a rebound? This is called standing guard at high levels! Now short at 0.2430. First target: 0.2190. If it breaks, look at 0.1991. Stop loss: 0.2820. Looks great on the surface, but inside it’s bleak—bulls are all tears.