
$ENS
It’s clearly losing trendline support and struggling to hold above the $5.8 zone.
The recent bounce doesn’t show much strength, and the price is getting rejected again near resistance, which suggests sellers are still in control.
If this weakness continues, we could see a move down toward $5.2–$5.0. From a trade perspective, shorting below $5.8 looks reasonable, with a stop-loss above $6.05 and a target at the lower levels.
https://i.redd.it/5aviahcgeurg1.png
Posted by Cryptorphic