I’m going to be honest… this one gives me that “don’t chase, but don’t ignore” feeling.
$ENSO just made a very strong expansion move from the 1.15 base all the way to 1.97. That last candle was aggressive big body, strong volume, clean breakout above previous structure. The trend is clearly bullish: MA7 above MA25, and both are angled upward. Momentum is strong.
But from my personal point of view, entering blindly at the top of an expansion candle is risky. After such a vertical push, price usually cools down a bit before the next leg.
If bulls defend the 1.85–1.88 area on pullback, this structure remains very strong. A healthy retracement with decreasing volume would actually be bullish continuation fuel.
Entry Zone: 1.85 – 1.92
Take-Profit 1: 2.05
Take-Profit 2: 2.20
Take-Profit 3: 2.40
Stop-Loss: 1.72
Leverage (Suggested): 3–5X
Why LONG (my view):
Strong breakout with expansion volume
Clear higher high & higher low structure
Moving averages aligned bullish
Momentum still aggressive
But I would prefer slight pullback entries instead of emotional chasing.
#WhenWillCLARITYActPass #WriteToEarnUpgradeWriteToEarnUpgrade #PEPEBrokeThroughDowntrendLine