$ENSO is here because price swept short-term liquidity, tagged the local low, and then started compressing instead of continuing down. This doesn’t look like panic selling — it looks like selling exhaustion, and that’s where moves usually reset before expansion.

Market read

ENSO pushed up, got hard rejected from the 1.93 area, and sold off fast into the 1.38 demand zone. After that sweep, selling pressure slowed immediately. Candles tightened, volatility dropped, and price started building a base. That tells me sellers already played their hand and buyers are quietly absorbing supply.

Entry point

I’m looking to enter between 1.40 – 1.38

This zone aligns with the liquidity sweep low and the short-term demand base.

Target point

TP1: 1.50

TP2: 1.60

TP3: 1.72

These levels line up with prior rejection zones and overhead liquidity where price previously failed.

Stop loss

1.34

If price loses this level, the base breaks and the setup is invalid.

How it’s possible

The drop was sharp but not sustained. There was no strong continuation volume after the low, which tells me this move was a stop hunt, not real distribution. ENSO is holding above a clean intraday base where buyers already defended once. If price reclaims the short-term range high, momentum can flip quickly and drive price into higher liquidity zones.

Risk is tight, structure is clean, and the reward justifies the trade.

Let’s go and Trade now $ENSO