$ENA — the reaction to the retest will determine the next move
In the scenario for $ENA , after a strong rise, a pullback to a previously crossed level is possible. This will test whether former resistance can become support.
If buyers defend the area and fresh momentum appears, a continuation toward the midpoint of the broader range becomes possible. If the price falls back and fails to recover, expectations of another wave will remain unconfirmed.
That is why the retest itself and the price action afterward are of interest. Trying to guess the exact bottom in advance provides less information than watching whether the market holds the support zone.
In the scenario for $ENA , after a strong rise, a pullback to a previously crossed level is possible. This will test whether former resistance can become support.
If buyers defend the area and fresh momentum appears, a continuation toward the midpoint of the broader range becomes possible. If the price falls back and fails to recover, expectations of another wave will remain unconfirmed.
That is why the retest itself and the price action afterward are of interest. Trying to guess the exact bottom in advance provides less information than watching whether the market holds the support zone.