The slight rise of ENA cannot hide the truth; the death cross signal indicates that a storm is coming?
Recently, the short-term rise of ENA seems strong, but it is merely a "flash in the pan" of market sentiment. From a technical perspective, the MACD has quietly formed a death cross signal, and downward pressure is brewing. The bears are just gathering strength, and a real sell-off could happen at any moment.
More critically, the downward demand in the larger cycle has not yet been released; the so-called warming is just false prosperity. The current position is not only a warning zone for technical divergence but also a "golden pit" for setting up short positions. For the aggressive traders, this could be a good shorting point, while short-term long positions need to be extremely cautious: once the position breaks, high-level buyers will directly ride a roller coaster with no buffer!
There are risks in the market; operations must be cautious. Mr. Lin reminds you: don't be fooled by illusions; chasing high prices will eventually turn you into a bag holder!
