#ENA The support of $ENA during this short period has been breached, and there's a need for correction in the resistance level. Additionally, the trend line has been initially broken, indicating a potential shift in market direction. We'll have to wait and see if $ENA can recover; otherwise, it may enter a relay or turnaround market.
Regarding the analysis of 5-minute K-line charts, some may question its usefulness. However, analyzing shorter timeframes allows for a closer examination of price movements and can reveal important details that might be missed on hourly charts. In the case of $ENA, its strong trend may necessitate this level of scrutiny to identify precise support and resistance levels for more informed positioning.
Thus, it's essential to delve deeper into shorter timeframes to pinpoint detailed support and resistance levels accurately, guiding our positions more effectively.
