ENSO/USDT is currently showing signs of a potential bullish reversal after a significant correction from its local peak of $3.15.
The price is currently consolidating around the $1.28 level, resting on short-term support. The Moving Averages (MA7 and MA25) are beginning to flatten and converge, suggesting that the bearish momentum is exhausting. A successful break above the immediate resistance could trigger a relief rally toward the previous supply zone.
$ENSO is showing a strong "bottoming out" structure on the 4H chart. After a massive drawdown from $3.15, the price has found solid ground near the $1.20 support level. We are seeing volume stabilization and a potential crossover of the short-term Moving Averages.
If the bulls can hold this level, we are looking at a high-probability relief rally to reclaim lost ground.
📊 TRADE SETUP:
🔹 Entry: $1.25 - $1.29
🎯 Target: $1.65+
🛑 Stop Loss: $1.16
Why this trade?
* Support Hold: Reclaiming the $1.20 psychological floor.
* Infrastructure Play: ENSO remains a key infrastructure gainer with strong 90-day growth (+85%).
Trade safely and always manage your risk! 💰