$ENSO : $0.991 Looks Like a Local Floor

That flush into $0.991 didn’t drift, it snapped back. V-recovery, four green 4h candles, and most of the dump already reclaimed. That’s not passive buying, that’s positioning stepping back in.

We’re at $1.087 now. Volume is starting to align with price, MA(5) pushing above MA(10). Not explosive, but enough to suggest this isn’t just a dead-cat bounce.

Next problem is clear: $1.15–$1.20. That’s where the last rejection started, and likely where supply sits again.

This still needs validation. If we get a higher low above $1.03–$1.05, structure holds and continuation makes sense. If not, this was just a relief move.

For now, looks like early accumulation, but I’d rather watch the retest than chase the green.

DYOR