$ENA has lost the 0.2 level; current price is 0.198.
Around key price levels, I usually watch three things:
① Close: An intraday wick below the level doesn’t count; it’s a confirmed breakdown only if the entire candlestick closes below 0.2.
② Retest: Can the price recover 0.2 when it bounces back toward that level? If it can’t reclaim it, the level has flipped.
③ Volume: Did trading volume pick up during the breakdown? A break on low volume is more likely to be reversed.
For reference only; not trading advice.
Around key price levels, I usually watch three things:
① Close: An intraday wick below the level doesn’t count; it’s a confirmed breakdown only if the entire candlestick closes below 0.2.
② Retest: Can the price recover 0.2 when it bounces back toward that level? If it can’t reclaim it, the level has flipped.
③ Volume: Did trading volume pick up during the breakdown? A break on low volume is more likely to be reversed.
For reference only; not trading advice.