$ENSO SHORT SETUP: Fading the Fakeouts! 📉
The Setup:
Entry: Market sell around $1.68 or set a limit order at $1.70 - $1.75 to catch the next upward wick.
Stop Loss (SL): $1.85 (above local resistance) or $2.25 (conservative, above the recent blow-off top).
Targets (TP): TP1 at $1.20, TP2 at $0.80, and TP3 at the $0.55 range lows.
The Logic: $ENSO is bleeding out, and the chart tells the whole story. Massive daily token unlocks are continuously flooding the market with fresh supply. Every time retail tries to push the price up, vested wallets dump their newly unlocked tokens, preventing any high-level consolidation. The 4-hour chart shows aggressive rejections after every pump, making this a textbook short-on-bounce setup.
#ENSO #cryptotrading #ShortSetup #BinanceSquare #TradingSignals
