Chart Analysis $ENSO
Support Base: The price established a very strong support floor around the $1.10 zone (marked by the lower red rectangle). After touching this zone around mid-February, the asset experienced a strong bullish reversal.
Breakout: The price has just printed a massive bullish impulse candle, breaking decisively above a key resistance level near $2.0080 (marked by the blue horizontal line).
Setup Rationale: The trade setup relies on a "breakout and continuation" strategy. By breaking the previous local highs with strong momentum (indicated by the +48.80% 24h change), the chart suggests a shift in market structure favoring the bulls.
Here is the structured trade signal derived directly from the Long Position tool parameters visible on your chart:
đ Long Trade Setup: ENSO/USDT
Direction: LONG
Entry Zone: $2.0080 - $2.0200 (Entering near current market price or waiting for a slight retest of the blue breakout line).
Take Profit (Target): $3.6004 (Top of the green reward zone).
Stop Loss: $1.5025 (Bottom of the red risk zone, placed safely below recent consolidation wicks to prevent premature stop-outs).
Risk Management Profile
Risk/Reward Ratio (R:R): Approximately 1 : 3.15. This means for every unit of risk, the setup targets roughly three times the potential reward, which is a highly favorable ratio.
Note on Volatility: Because the Stop Loss is relatively wide (~25% below entry), you would need to strictly size your position (reduce leverage or margin) so that a hit to the $1.5025 level only impacts a small, acceptable percentage of your total trading capital.
Disclaimer: This analysis is based entirely on the technical parameters drawn on the provided chart and is for informational purposes. Cryptocurrency markets are highly volatile.
