$ENSO has already made a decisive move, rallying more than +33% in the last 24 hours and pushing from the 0.63 region up to a session high near 0.92. After that impulse, price is no longer in panic mode — it’s digesting the move.
On the 1H timeframe, this looks like a classic post-breakout structure. We saw a sharp expansion, followed by controlled pullback and sideways consolidation above prior support. Sellers are not aggressive here, which usually means the market is waiting for the next push rather than preparing for a full reversal.
The current zone around 0.78–0.80 is acting as a decision area. Holding above this range keeps the bullish structure intact.
Trade Setup (Bullish Continuation)
Entry Zone:
• 0.77 – 0.80
Target 1 🎯:
• 0.85 (local resistance / intraday reaction level)
Target 2 🎯:
• 0.92 (previous high, liquidity zone)
Target 3 🎯:
• 1.02 – 1.05 (extension if momentum and volume expand)
Stop Loss:
• 0.72 (below consolidation support and structure low)
How to Read This Setup
If ENSO reclaims 0.82–0.83 with strong volume, it confirms buyers are still in control and the pullback is complete. That’s when continuation becomes likely rather than speculative. A clean break above 0.92 opens the door to price discovery toward the 1.00+ zone.
If price loses 0.72, the structure breaks and this setup is invalidated — no guessing, no hope-trading.
Right now, ENSO isn’t chasing hype. It’s doing something more interesting: building a base after strength. That’s usually where the next move starts.
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