Post
CryptoGuru12
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BearishMomentum is fading after a weak bounce and sellers are regaining control.
Trade Plan
Entry $1.29 to $1.31
Stop Loss $1.35
Take Profit 1 $1.25
Take Profit 2 $1.21
Take Profit 3 $1.17
Why this setup
Price is still trading below the key structure highs on the 1H timeframe and the recent push up looks corrective rather than impulsive. The rejection near the $1.32 area shows strong selling pressure and failure to reclaim previous support. As long as price remains below the $1.32 to $1.34 resistance zone, downside continuation toward lower demand levels is favored.
Debate question
Will ENSO break below $1.25 and accelerate lower or will buyers attempt another recovery bounce?
Buy and Trade $ENSO
{future}(ENSOUSDT)
Trade Plan
Entry $1.29 to $1.31
Stop Loss $1.35
Take Profit 1 $1.25
Take Profit 2 $1.21
Take Profit 3 $1.17
Why this setup
Price is still trading below the key structure highs on the 1H timeframe and the recent push up looks corrective rather than impulsive. The rejection near the $1.32 area shows strong selling pressure and failure to reclaim previous support. As long as price remains below the $1.32 to $1.34 resistance zone, downside continuation toward lower demand levels is favored.
Debate question
Will ENSO break below $1.25 and accelerate lower or will buyers attempt another recovery bounce?
Buy and Trade $ENSO
{future}(ENSOUSDT)
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