$ENA volume is 0.6x its weekly average and most traders are reading the chart completely wrong
Price is sitting at $0.19780 down 4.7 percent today near the bottom of the $0.19470 to $0.20850 range
When volume is only 0.6x the average it means nobody is actually backing the move
A drop on heavy volume shows panic but a drop on low volume just means the sellers have no real opposition
You check this ratio yourself in twenty seconds by opening the daily chart and comparing the current volume bar to the moving average line
The rule is simple never trust a breakout or breakdown when the volume line is sitting below average
Tap $ENA and check the hourly chart yourself
What is your number one rule for spotting fake moves
#ENA #TradingTips
Price is sitting at $0.19780 down 4.7 percent today near the bottom of the $0.19470 to $0.20850 range
When volume is only 0.6x the average it means nobody is actually backing the move
A drop on heavy volume shows panic but a drop on low volume just means the sellers have no real opposition
You check this ratio yourself in twenty seconds by opening the daily chart and comparing the current volume bar to the moving average line
The rule is simple never trust a breakout or breakdown when the volume line is sitting below average
Tap $ENA and check the hourly chart yourself
What is your number one rule for spotting fake moves
#ENA #TradingTips