ENA has been quite interesting lately. The trading volume suddenly surged in 30 minutes, with a rise of 114.5%. Such unusual volume changes are usually not without reason.
The current price is around 0.2115 USDT. Looking down, the key support is at the line of 0.2103. From the 1-hour level, the support zone is between 0.2077 and 0.2103, not far from the current price.
Technically speaking, nearby support areas often provide rebound opportunities. If you wish to participate, you might consider placing a buy order around 0.2103, with the resistance level above at 0.2171, which can be used as a target for taking profit.
The key is that the increase in trading volume often indicates that the main players are positioning themselves, and the market could start at any time. The upcoming trend is worth closely watching, especially whether it can effectively break through the resistance level, as that will be the key signal.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
17 Likes
Reward
17
5
Repost
Share
Comment
0/400
LostBetweenChains
· 2h ago
A 114% increase... This wave of volume is indeed quite strong, feels like the main force is working quietly.
As long as the 0.2103 level isn't broken, I'll keep watching; only if it's broken will there be a chance.
View OriginalReply0
AirdropHunter9000
· 12-22 21:52
114.5%? The market maker's move is a bit harsh, feels like it's about to crash.
---
It's the same old support level rebound strategy, can you just double my investment already?
---
I've been watching ENA for so long, let's see if it can break 0.2171, otherwise it's a false breakout.
---
The Trading Volume has surged so much, feels like the next move has to happen soon.
---
I need to place an order at 0.2103, betting this rebound can run.
---
Market maker's layout? I think the market maker has probably run away already, haha.
---
If this market doesn't break through, I'm going to eat dirt.
---
Let's see if it can effectively break through, if not, I'm out.
---
114% this rise is insane, feels like there's too much depth in it.
View OriginalReply0
DataPickledFish
· 12-22 21:51
114.5% this rise, the market maker is really making moves
---
It's the same old story, when the volume increases, it’s said that the market maker is laying out plans, it feels like there are key signals every day
---
I’ve been watching 0.2103 for half a day, still don’t have the courage to enter a position
---
I've heard too many times about these rebound opportunities, let’s talk about it next time
---
ENA is interesting, but I'm afraid that when the fun is over, it will rug pull
---
Be cautious with both volume and price, don’t get trapped inside
---
114.5%, who can withstand this, it’s the rhythm of fear of missing out (FOMO)
View OriginalReply0
CryptoCross-TalkClub
· 12-22 21:51
Laughing to death, it's again the "market maker layout" rhetoric, why do I feel like I hear this phrase every time
Another 114.5% rise, another support level, resistance level... buddy, I heard this analysis from some celebrity last year
0.2103 open orders to go long? I suggest all suckers calculate how many "starts" their principal can still withstand
Increased volume = market maker layout, how can this logic be so confident
If this wave really breaks 0.2171, I'll go live performing crosstalk, if I don't make money, I'll rely on jokes to make a living
View OriginalReply0
AirdropHunterWang
· 12-22 21:26
WTF 114.5%? This volume is suspicious, what is the market maker brewing?
---
The line at 0.2103 looks good, the rebound opportunity is indeed tempting.
---
Talking about support and resistance again, the key is whether we can break through 0.2171.
---
Volume anomalies mean someone is buying orders, whether this is reliable will depend on what happens next.
---
I watch the market every day, just afraid of missing such opportunities.
---
Once support is in place, it's time to enter a position, don't hesitate.
---
If it can't break through, it's still a Cut Loss, that's the reality.
---
A sudden spike in transaction volume usually means trouble, be careful.
---
If 0.2171 can't be broken, it's a false breakout, very painful.
---
Open orders at 0.2103, anyway, any spare money can be considered as meal money.
ENA has been quite interesting lately. The trading volume suddenly surged in 30 minutes, with a rise of 114.5%. Such unusual volume changes are usually not without reason.
The current price is around 0.2115 USDT. Looking down, the key support is at the line of 0.2103. From the 1-hour level, the support zone is between 0.2077 and 0.2103, not far from the current price.
Technically speaking, nearby support areas often provide rebound opportunities. If you wish to participate, you might consider placing a buy order around 0.2103, with the resistance level above at 0.2171, which can be used as a target for taking profit.
The key is that the increase in trading volume often indicates that the main players are positioning themselves, and the market could start at any time. The upcoming trend is worth closely watching, especially whether it can effectively break through the resistance level, as that will be the key signal.