$ENSO 🚀
ENSO is currently on a massive tear, showing incredible bullish momentum on the 4H chart. After consolidating in the $1.80–$2.10 range, the price exploded upward, reaching a 24h high of $3.154. It is currently trading around $2.89, maintaining a solid +40.54% gain on the day.
The vertical move from $2.00 to $3.15 was fueled by a huge spike in volume, signaling strong institutional or whale interest. While the trend is parabolically bullish, the long upper wick at $3.15 suggests some profit-taking is occurring at these local highs.
StochRSI is currently at 81.75, which is in the overbought territory. This indicates that while the trend is strong, the price is "hot" and might need a brief cooling-off period or a healthy retest of previous resistance-turned-support before the next leg up.
What I’m Watching:
If ENSO can consolidate above $2.70 and build a base, we could see a push to clear the recent high:
🎯 $3.15
🎯 $3.35
🎯 $3.50+
If the price fails to hold $2.54, we might see a deeper retracement toward the $2.20 level to fill the "fair value gap" left by the sudden pump.
Structure is extremely bullish, but don't chase the green candles—look for entries on the dips. Manage your risk carefully given the high volatility!
#ENSO #Infrastructure #CryptoUpdate #Binance #Gainer DYOR 📊