ENA down 8.5% in 24h — this drop deserves a mention
I took a quick look before bed: ENA at $0.1902, down 8.5% in 24h, with $60 million in volume and a volume ratio of 1.5. Other movers included SOL, down 5.4% ($240 million), and ETH, down 4.1% ($650 million).
First, support is at $0.1744 (8.3% away): if it holds, a low-volume rebound could be worth a small position; if it breaks, $0.160448 is the next level to watch. Resistance is at $0.2474. Any rebound that fails to get past that level is an exit opportunity.
Volatility tends to increase on days with unusual moves, so reduce leverage first. This is my personal view and not investment advice.
Ask about levels in the comments, and I’ll reply when I see them.
The above is my personal market observation and does not constitute trading advice. DYOR.
$ENA $SOL $ETH #ENA #SOL #ETH #BTC #MarketMoves
I took a quick look before bed: ENA at $0.1902, down 8.5% in 24h, with $60 million in volume and a volume ratio of 1.5. Other movers included SOL, down 5.4% ($240 million), and ETH, down 4.1% ($650 million).
First, support is at $0.1744 (8.3% away): if it holds, a low-volume rebound could be worth a small position; if it breaks, $0.160448 is the next level to watch. Resistance is at $0.2474. Any rebound that fails to get past that level is an exit opportunity.
Volatility tends to increase on days with unusual moves, so reduce leverage first. This is my personal view and not investment advice.
Ask about levels in the comments, and I’ll reply when I see them.
The above is my personal market observation and does not constitute trading advice. DYOR.
$ENA $SOL $ETH #ENA #SOL #ETH #BTC #MarketMoves