ENSO/USDT is in a strong downtrend with high volatility and bearish momentum, aligning with the post’s short setup and technical analysis.
$Price Action & Trend:
1. ENSO/USDT experienced a sharp decline, dropping from a high near 3.06 to a low around 1.55, with the current price near 1.65. This confirms a strong bearish momentum and high volatility, matching the post’s description of a “free fall after parabolic top.”
2. Technical Structure:
The price is trading well below key moving averages (MA7/25/99), with no bullish reversal structure visible. Lower highs and weak bounces from the recent low reinforce the dominant downtrend and supply control, as highlighted in the post.
3. Trading Setup:
The post suggests a short entry between 1.60–1.68, targeting further downside
(TP1: 1.52, TP2: 1.42, TP3: 1.30)
with a stop loss at 1.82. The trend remains decisively bearish, favoring short positions while price stays below the 1.80 resistance zone.
$ENSO
{spot}(ENSOUSDT)