$ENJ Immediately Short
Daily: Fluctuating downwards, rebound hindered
The short-term rebound failed to break through the $0.022 resistance zone, with multiple highs and lows forming a small double top pattern.
Moving Averages: The price is running below the MA20, and the MA moving averages are turning down, indicating a weak medium-term trend.
Volume: Decreased volume during the rebound and slightly increased volume during the decline, indicating insufficient buying support.
4 Hours: Momentum Exhaustion, Low-level Fluctuation
High points gradually decrease, low points continue to probe, and there are no obvious reversal signals in the short term.
The Bollinger Bands are narrowing, and the price is under pressure below the mid-band, with a high probability of fluctuating downwards.