$ENSO just went through a brutal shakeout, down around 25%, and that kind of drop usually isn’t random. It flushed emotions, forced weak hands out, and swept liquidity sitting at the lows. The 1.273 area looks like that sweep point — price wicked into it, grabbed orders, and now it’s trying to breathe again.
What matters now is how it behaves around 1.37. That’s the zone where the market is deciding: dead cat… or real bounce. Right now it’s trying to build a base there, and that’s where scalpers get interested. After a hard dump, even a small shift in momentum can spark a fast relief move because sellers get tired and late shorts start getting nervous.
The entry pocket between 1.30 and 1.35 is the “value after panic” zone. You’re not chasing green candles — you’re stepping in where fear just cooled off. If buyers defend this area, upside targets at 1.48 to 1.55 make sense for a quick reaction play. That’s the kind of bounce that happens fast and doesn’t wait for everyone to feel comfortable.
Risk control is everything here. The stop at 1.27 sits just under the liquidity sweep low. If price goes back there and loses it, the bounce idea is likely wrong and the market may look for deeper levels. No ego, just exit.
This is not a long-term call. This is a “market overreacted, let’s see if it snaps back” situation. Tight risk, clear levels, quick decision. Either it pops clean… or we step aside and wait for the next setup.
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