Trade Setup🎯$ENSO
Entry Zone: 0.7750 – 0.8100
Targets:
TP1: 0.8650
TP2: 0.9220
TP3: 1.0500
Stop-Loss: 0.7350
$ENSO has recently undergone a massive bullish expansion, surging from the 0.540 base to a local peak of 0.922. This move was backed by a significant spike in volume, confirming strong institutional or whale interest.
Following the peak, the price is currently undergoing a natural "cooling off" period. We are seeing a corrective pullback toward the 0.775 – 0.800 zone. The presence of lower wicks on the recent hourly candles suggests that buyers are stepping in to flip previous resistance into new support. As long as the price maintains its structure above the psychological 0.750 level, the macro trend remains firmly bullish.
Outlook
The current consolidation is healthy after such a vertical move. A successful hold here suggests a "bull flag" or "pennant" formation. If the price stabilizes and clears the 0.860 minor resistance, we expect a secondary rally to test the recent high and potentially enter price discovery.
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