ENS: That's Exactly Why We Wait For Confirmation!

24 Jul

Ethereum Name Service delivered an exceptional performance yesterday and pumped ~15%. Even better, it (slightly) closed above the crucial resistance. All that happened while the overall market moved lower.

If you follow my content, you know that we've been waiting for ENS to break above this level, activating a potential 30% run.

However, today, you can watch the perfect example of why you shouldn't rush into a trade. ENS reversed almost immediately after the daily close and is already back below the resistance zone.

Accordingly, if the price remains below, we must count this as another missed attempt.

Let's see what the day will bring. So far, it's not the time to enter the trade!