$ENSO SHORT Setup – Bearish Pullback Continues! 🔴📉
Entry Zone: $1.285 – $1.300
Target 1: $1.270
Target 2: $1.220 – $1.240
Target 3: $1.150 (If breakdown, next major support)
Stop Loss: $1.320 (Above recent rejection high – tight 2-3% risk)
Market Analysis:
$ENSO showing clear bearish momentum after failing at $1.50+ highs today. Price broke below key MAs on hourly/4h charts, with strong selling volume pushing it down -6%+ in 24h. Lower highs & lower lows forming, sellers in control. As long as $1.32 holds as resistance, downside continuation likely toward $1.22 psychological level. Watch for volume spike on red candles!
Trade Strategy: High-probability short on rejection – use low leverage (max 3-5x), enter in batches, trail stops down. Risk only 1-2% per trade – capital protection first! 🛡️
Do you see more downside for $ENSO or a bounce incoming? Comment your targets below + tag a trader! 👇
