$ENA took one of the worst hits overnight. 4H candle went from 0.2095 straight down to 0.173 on the biggest volume this month, then wicked all the way to 0.166 before buyers showed up.
Bounce got it back to 0.189 and honestly it's just been sitting there since. No real follow through.
For me the line is 0.194. A 4H close above that and I start thinking the flush was the low, with the EMAs around 0.20 as the next test.
Lose 0.183 and that 0.174 area probably gets visited again, maybe the 0.166 wick too.
Bounce got it back to 0.189 and honestly it's just been sitting there since. No real follow through.
For me the line is 0.194. A 4H close above that and I start thinking the flush was the low, with the EMAs around 0.20 as the next test.
Lose 0.183 and that 0.174 area probably gets visited again, maybe the 0.166 wick too.
