$ENS Just Lost A Critical Level And Nobody Is Talking About It.
Here's What The Chart Is Telling Me:
Trendline Support → Lost ❌
Bounce Attempt → Weak And Rejected ❌
Resistance → Holding Strong ❌
Buyer Momentum → Non-Existent ❌
$5.8 Was The Level To Hold. It's Not Holding. Next Downside Target: $3.43
Short Setup:
Entry: Below $5.8
SL: Above $6.10
TP: $4/$3.43
When A Bounce Can't Even Break Resistance... That's Not A Recovery. That's A Dead Cat Bounce.
Sellers Are In Full Control. Respect The Structure.
TA Only. Not Financial Advice. ALWAYS DYOR.
ENSUSDT
Perp
5.54
-2.12%