$ENSO is currently trading around 1.406 USDT, down nearly 25% in the last 24 hours, showing clear distribution after a sharp sell-off. The recent bounce looks weak and corrective rather than a true reversal. On the 1H timeframe, price is forming lower highs with repeated bearish candles, suggesting sellers are still in control. Volume has cooled after the dump, which often signals continuation rather than recovery. The structure remains below key resistance, and momentum favors another leg down unless bulls reclaim strength fast.

Trade Setup (Bearish Bias)

• Entry Zone: 1.42 – 1.47

• Target 1: 1.37

• Target 2: 1.30

• Target 3: 1.20

• Stop Loss: 1.52

As long as price stays below the 1.47–1.50 resistance zone, downside pressure remains dominant. A clean break below 1.37 could accelerate selling toward the lower support region near 1.30 and beyond. Only a strong reclaim of resistance with high volume would invalidate this bearish setup and shift momentum back to the upside.

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ENSO

1.308

+0.23%