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Does anyone else see the trap forming on $ENA or is it just me?
The daily chart is looking a bit indecisive right now. We had a nice little bounce from the point zero nine area but we just got rejected at the point one two level. Price is hovering around point one six four and it feels like it is waiting for a reason to move.
Volume is sitting at fourteen million USDT which is not really enough to push through this local resistance. It feels like the market is just ranging between point one zero and point one two for now.
If we can actually close a candle above point one two then we might have a shot at point thirteen or higher. But if this rejection holds I am looking for a retest of the point of zero support to see if the buyers are still there.
The order book is pretty balanced so there is no clear winner between bulls and bears yet.
#USPlansMultinationalEscortForHormuz