$ENA Signal Invalidated.
Yesterday, I marked an important level and mentioned that if the market broke the structure, we could consider an entry. Otherwise, the signal would be invalidated.
Unfortunately, the market failed to break that level. Instead, it broke below an important resistance level on the 1H timeframe and dropped significantly further.
Currently, ENA is trading around $0.14150.
It's quite surprising to see such a strong and well-established project drop to this level.
Anyway, I'm not seeing any clear trading opportunity at the moment. I'll keep monitoring the market and hopefully bring you a better setup next time.
Yesterday, I marked an important level and mentioned that if the market broke the structure, we could consider an entry. Otherwise, the signal would be invalidated.
Unfortunately, the market failed to break that level. Instead, it broke below an important resistance level on the 1H timeframe and dropped significantly further.
Currently, ENA is trading around $0.14150.
It's quite surprising to see such a strong and well-established project drop to this level.
Anyway, I'm not seeing any clear trading opportunity at the moment. I'll keep monitoring the market and hopefully bring you a better setup next time.
