📢 $ENA has fallen below the 0.2 level!
Don’t get carried away just yet—understand the key price levels first 👇
Round-number levels get a lot of attention because traders tend to place orders and stop-losses around them. This can cause orders to cluster there, which is why they’re also called psychological levels.
The first pullback after a breakout is often seen as a test: if the price stabilizes near the level, the idea that resistance has turned into support is more credible.
Don’t change your original plan based on a single number, and don’t use borrowed money to test a particular reading.
#ENA
Don’t get carried away just yet—understand the key price levels first 👇
Round-number levels get a lot of attention because traders tend to place orders and stop-losses around them. This can cause orders to cluster there, which is why they’re also called psychological levels.
The first pullback after a breakout is often seen as a test: if the price stabilizes near the level, the idea that resistance has turned into support is more credible.
Don’t change your original plan based on a single number, and don’t use borrowed money to test a particular reading.
#ENA