Have you noticed how $ENA keeps trapping traders in the same range while $BTC and $ETH actually trend?
Most people buy the middle expecting a breakout, then watch it fade and take their stop. That's how you bleed capital in a market that already has clearer direction elsewhere.
$ENA is at $0.1909, sitting right in the middle of the $0.1658 to $0.2178 box that has held for three days. That's 13.1% down to support and 14.1% up to resistance. The 20-period average has stayed below the 50 for 38 candles straight. RSI is parked at 50. Even the last 24 hours only ran from $0.1827 to $0.1973 on normal volume.
This is a chop zone, not a coiled spring. The only edge is waiting for the actual edges of the range instead of guessing from the middle. Stay out until those averages start to flip.
Where do you think this $ENA range resolves from here?
#ENA #CryptoTA #Altcoins
Most people buy the middle expecting a breakout, then watch it fade and take their stop. That's how you bleed capital in a market that already has clearer direction elsewhere.
$ENA is at $0.1909, sitting right in the middle of the $0.1658 to $0.2178 box that has held for three days. That's 13.1% down to support and 14.1% up to resistance. The 20-period average has stayed below the 50 for 38 candles straight. RSI is parked at 50. Even the last 24 hours only ran from $0.1827 to $0.1973 on normal volume.
This is a chop zone, not a coiled spring. The only edge is waiting for the actual edges of the range instead of guessing from the middle. Stay out until those averages start to flip.
Where do you think this $ENA range resolves from here?
#ENA #CryptoTA #Altcoins
