Wait, did you catch that rejection just now?

$ENA ‌ looks like it wanted to stage a comeback after tapping that 0.1997 bottom, but the sellers are already stepping back in.
We had a decent green candle trying to push back above 0.2100, but it got slapped down pretty fast. It feels like the market is just ranging right now between that local support at 0.2000 and the resistance overhead at 0.2150.
Volume is there, but there’s no real follow-through from the bulls yet. If we can’t hold this 0.2070 area, I wouldn’t be surprised if we go back to test the lows one more time before deciding on a direction.
Keeping a close eye on how the next few hourly candles close.

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