$ENA Momentum can turn before the trend does.
$ENA is recovering on the 4H chart, trading above its key EMAs with a positive MACD histogram.
But the 4H RSI is near 74, while the daily MACD histogram remains negative.
My take: the bounce is real, but confirmation is still missing. I’m watching the 0.24163 resistance and the 0.2235–0.2279 support zone before considering the next move.
Follow for the next confirmed setup👇
$ENA is recovering on the 4H chart, trading above its key EMAs with a positive MACD histogram.
But the 4H RSI is near 74, while the daily MACD histogram remains negative.
My take: the bounce is real, but confirmation is still missing. I’m watching the 0.24163 resistance and the 0.2235–0.2279 support zone before considering the next move.
Follow for the next confirmed setup👇