$ENSO after a significant increase of 126%, the price is undergoing tight consolidation at a high level, which is a typical sign of a healthy reset and buying absorption, rather than a distribution at the top.
🎯 Direction: Go long
🎯 Entry: 1.68 - 1.72
🛑 Stop loss: 1.58 (rigid stop loss)
🚀 Target 1: 2.05
🚀 Target 2: 2.40
The price has not experienced a deep pullback after a significant push, indicating that selling pressure has been fully absorbed. The open interest remains high, and combined with the price moving sideways, it suggests that the main funds are still in the market, which is a signal of strong continuation. The current consolidation range is the new support platform, and any pullback on the LTF is an entry opportunity.
Trade here 👇$ENSO
ENSOUSDT
Perp
1.0313
-0.20%
---
Follow me: Get more real-time analysis and insights on the crypto market!