$ENA — the previous zone at 0.226 is being tested for support
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The price is above the previous threshold of 0.226, but is roughly at the 20-day average.
If 0.226 holds on a pullback and the day closes above 0.263, the scenario of a return to 0.295—the late-September high—will gain strength.
A daily close below 0.194 would invalidate the thesis that the recovery base is holding. A return above the previous zone does not yet mean that all resistance levels have been cleared.
Subscribe + like in advance
The price is above the previous threshold of 0.226, but is roughly at the 20-day average.
If 0.226 holds on a pullback and the day closes above 0.263, the scenario of a return to 0.295—the late-September high—will gain strength.
A daily close below 0.194 would invalidate the thesis that the recovery base is holding. A return above the previous zone does not yet mean that all resistance levels have been cleared.