🔥$ENSO Bullish (Short-term Rebound within Consolidation)
• Recent price action shows consolidation between 1.2333 (24h low) and 1.6399 (24h high), with the current price rebounding from the mid-range.
• The last few candles show indecision (doji-like patterns), but the overall structure holds above key supports at 1.316
• Recent 1h candles show declining volume (e.g., last candle. This suggests caution near resistance levels but aligns with consolidation after a volatile rally.
Entry long $ENSO
• Ideal entry on a pullback to 1.40–1.42 USDT (near MA5 and BOLL mid-band confluence).
• Alternatively, a breakout above 1.524 (resistance)
Stop-Loss: 1.316 or 1.38
Targets $ENSO : 1.524 - 1.595
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ENSOUSDT
Perp
1.3265
-2.24%