$ENSO — clean bounce into major decision zone
Price: 0.717
Move: +9.13%
Intraday: High 0.720 / Low 0.642
$ENSO reacted strongly from the 0.64 demand zone after an extended pullback. Buyers stepped in with conviction, pushing price straight back into the higher range. The rebound came with expanding volume, showing real interest rather than a weak relief bounce.
Price is now pressing into a key moving-average zone where sellers previously defended. This area decides whether the move turns into a trend shift or stalls into consolidation.
Key Levels
Support:
0.68–0.67 (short-term base and pullback zone)
0.64 (major demand low, structure support)
Resistance:
0.72–0.73 (trend decision area, MA resistance)
0.78–0.81 (upper range and prior rejection zone)
Trend:
Short-term bullish recovery, overall trend still neutral until confirmation.
Trade Idea (If / Then):
If price holds above 0.70 and consolidates with higher lows, continuation toward 0.78–0.81 becomes likely.
If price fails to reclaim 0.72 and drops back below 0.68, expect range behavior or a retest of 0.64.
This is a patience chart. Strength is visible, but confirmation at resistance is what separates continuation from another fade.
