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$ENSO Update #3: Liquidation maps and the final puzzle 🧩
While you were sleeping, I took the coin apart. In previous posts, I didn't add info on liquidation maps, so I'm correcting myself. Here's what we have in the end:
📊 Technical checklist:
RSI: In the neutral zone (44-45). There is room for maneuver in both directions, the spring is compressing.
Fractals: Complete coincidence with the previous growth cycle (see my previous posts). History often repeats itself.
Order book: Order density is mostly from above. There have already been attempts to break through - the level is "breathing".
Trend: Still down, but the intensity is falling. The smell of a reversal is already in the air. 📉➡️📈
Fibonacci: We are in the oversold zone (0.786). Potential: Short run at 0.5413 with a rebound to 0.618.
🔥 Main course: Liquidations Map (CoinGlass)
Here's the most interesting. We are now in the game of "Who will squeeze whom":
Longs: Stops at 1.130 and 1.10. There are much fewer of them! The market does not see much point in going down for small liquidity.
Shorts: Accumulation of stops at 1.18 and 1.20. This is our fuel! ⛽️
🚀 Verdict:
At night I watched as longs tried to break through 1.18. If we consolidate higher, shorts will start to be "knocked out" by a chain reaction, and we will fly higher.
Risk: If we break through 1.1, we will enter the "gray zone" according to Fibo, where we will review the plan.
We are watching who will be knocked out first. I'm in position, my finger on the pulse. 👍
#ENSO #TechnicalAnalysis #LiquidationHeatmap #CryptoTrading