🔥$ENSO Bullish with potential for continued upside but expecting near-term consolidation
• K-line data reveals an explosive breakout from a consolidation phase around 0.55-0.65
• The most significant volume 17.6M spikes during breakout at 0.7399-0.8647 and at the recent push 64.5M volume at 1.0239-1.2281
• The formation of multiple large bullish candles with follow-through indicates sustained buying pressure.
•However, the long wicks on recent candles near 1.26 suggest profit-taking at higher levels.
Entry long $ENSO :
• Preferred Entry: 1.08-1.12 (retest of broken resistance turned support)
• Alternative Entry: Break above 1.238 with volume confirmation
Stop-Loss: 1.042 for entry 1.08
Take-Profit $ENSO : 1.3174 - 1.4048
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ENSOUSDT
Perp
1.944
+150.32%