$ENA
This pullback is about −12.6%, and the rebound got slammed back to just above 0.18—don’t buy the dip just yet.
24h trading volume is around 770 million U. Yesterday’s low was 0.1657, and the bounce to 0.1969 failed to hold. The current price is around 0.1833.
Funding is near zero, but long accounts still make up about 57%—dip buyers haven’t left.
Open interest is down about 5%, while BTC is also down about 5%. This move is following the broader market selloff.
First, watch whether the previous low at 0.1657 holds. If it breaks, don’t buy in; wait until price gets back above 0.19 before talking about a rebound.
Will 0.1657 break first, or will price reclaim 0.19 first?
Note: This analysis is for reference only and does not constitute investment advice!
#ENA #BinanceFortuneTeller
This pullback is about −12.6%, and the rebound got slammed back to just above 0.18—don’t buy the dip just yet.
24h trading volume is around 770 million U. Yesterday’s low was 0.1657, and the bounce to 0.1969 failed to hold. The current price is around 0.1833.
Funding is near zero, but long accounts still make up about 57%—dip buyers haven’t left.
Open interest is down about 5%, while BTC is also down about 5%. This move is following the broader market selloff.
First, watch whether the previous low at 0.1657 holds. If it breaks, don’t buy in; wait until price gets back above 0.19 before talking about a rebound.
Will 0.1657 break first, or will price reclaim 0.19 first?
Note: This analysis is for reference only and does not constitute investment advice!
#ENA #BinanceFortuneTeller
