$ENA is under selling pressure,pullback soon!
ENA has been pumped greatly in past days and it is still not over rather it is preparing new ATH.
Currently trading at 1.050 after making a high of 1.140,ENA is under consolidation zone.The selling has been intense since past few hours but don’t let the short time frames fool you.It is still bullish in day chart and is gearing up for another big surge past 1.2 mark.
It is currently in oversold price and RSI is also showing it .There will be bounce back from this zone towards new high.Support is around 1.03 mark and resistance at 1.12.This zone is best to buy and hold as price will begin to rise,close to this level in coming hours.However if price doesn’t hold above the 1.03 level it might lead to a pullback towards 1.01.
Ena has experienced high volatility in past few days due to large volume and whale activities.
Don’t panic and don’t sell your holdings in loss after a minor pullback.
Always do your own research while making a trade with proper risk management and be patient.