š„$ENSO Strong Bullish but pullback before continuation expected
ā¢ K-line data shows a classic bullish breakout pattern. The large candle is a large bullish marubozu with huge volume, indicating fierce buying. However, the following candles are showing long wicks suggesting selling pressure at higher levels. This forms a potential "exhaustion" pattern near the top.
Recent 1h candles show declining volume during the push to 0.8853 (24h high), indicating weakening bullish momentum at higher levels. The highest volume was during the initial breakout, confirming institutional buying. However, the last few candles have lower volume, suggesting fatigue.
Entry long $ENSO :
ā¢ Aggressive: Buy near 0.795-0.805 (MA5 and previous support confluence) if held with volume.
ā¢ Conservative: Wait for pullback to 0.77 (Support level) or even 0.745 (near MA20) for better risk-reward.
Stop-Loss: if entry at 0.80, SL at 0.77).
Target Price $ENSO
ā¢ Short-term: 0.91 (resistance level)
ā¢ Medium-term: 0.96 (next resistance)
Support me just Click below to Trade š Cheers
The extreme 24h gain (+30.41%) and overbought RSI/KDJ suggest high volatility. A pullback to recharge is healthy. #enso #ensousdt