$ENSO 💰 Potential Price Targets (Next 4 Hours)

Scenario 1: Continuation of Bearish/Consolidation Trend (More Likely based on chart)

If selling pressure continues or the price consolidates at this lower level:

Potential Support Zone: The price may re-test the area of \$1.55 to \$1.53 for stabilization.

Lower Target: A break below the immediate support could potentially lead to the next major support, possibly around \$1.47 (referencing a recent low mentioned in market analysis).

Scenario 2: Bullish Reversal

For a bullish reversal, the price would need to move above key short-term EMAs and the previous trading range:

First Resistance Target: A break above the immediate trading range could target \$1.62 - \$1.65.

Major Reversal Target: A significant move would be required to challenge the major resistance at the EMA(50) around \$1.81.