$ENSO /USDT: Strategic Pivot & The Path to Recovery 🏎️💨
I’ve been quiet on
$ENSO lately while the market kept us in a tight range, but I'm back with an update! 🛠️ After stagnating for a while, I’ve decided to adjust my strategy to capitalize on the current price action.
The Move: ⚙️
I’ve transitioned into a margin position with conservative leverage, adding $850 in collateral to my existing position. My primary goal is to hit my break-even point during the next technical rebound. However, if the momentum picks up, I’m ready to ride the wave for a serious profit! 📈💎
Market Analysis: 🧠
Sellers Exhaustion: The shorts have pushed this asset to the floor. Looking at the order book and the chart, it’s clear: there’s no room left to go down. 🚫📉
Strong Support: Bulls have firmly defended the $0.90 level. The shorts are exhausted, and the lack of selling pressure is evident in the trading volumes. 🛡️
Fibonacci Confluence: We are holding critical support levels based on Fibonacci retracement. The downside is heavily restricted here. 📐
What to Expect: 🚀
We already tested the $1.02 breakout level recently, but we lacked the fuel to sustain it. Currently, we are coiling up like a spring in a consolidation phase. I’m expecting a second, more powerful attempt to break through that resistance.
Target 1 (Break-even/Short-term): $1.37 🎯
Target 2 (Upside Potential): $1.67 💰
The bears have had their fun, but the bulls haven’t entered the game yet. Once we clear that $1.02 hurdle with volume, the next leg up should be swift! 🌪️
Disclaimer: This is my personal strategy, not financial advice. Always do your own research! ⚠️
#ENSO #cryptotrading #TechnicalAnalysis #CryptoStrategy