$ENA It's a bumpy ride but the trend is still going strong.
I remain to be a holder of ENA and am looking to take profit at higher prices. I think $1+ as a minimum should be pretty reasonable as long as $BTC & $ETH hold up decently.
~20% corrections seem to be about the average this does every few days. Followed by a sharp buyback and new highs shortly after. Hope to see the same here again. I feel like these kind of trends rarely top out before at least putting in some stupid squeeze & candle higher before cooling off for a while.
$ENA Price action like this is normal for alts which are in a strong trend.
But as you can see, there can be plenty of 20-30% corrections. And this is just a 1 month trend.
If you zoom out even more and look at big rallies from let's say the 2021 cycle, you find much larger corrections in between the big moves.
This is also why spot generally outperforms unless you're in from lower and/or manage your risk well. But you'll have to weather the flushes in between.
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