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【$ENSO Signal】Short | Weak consolidation after volume breakout
$ENSO After a single-day plunge of over 30%, it forms a weak consolidation pattern at the low levels. This is a typical downtrend continuation, not a bottoming structure.
🎯 Direction: Short (Short)
🎯 Entry: 1.40 - 1.45
🛑 Stop Loss: 1.55 (Rigid Stop Loss)
🚀 Target 1: 1.20
🚀 Target 2: 1.00
The sharp decline accompanied by massive trading volume and high open interest indicates a strong bearish dominance. The price shows no rebound strength below key support levels, and the market indicates exhausted buying. Any slight rebound is a new shorting opportunity. Market sentiment has shifted to panic, and rebounds are points for bears to add positions.
Trade 👇 here $ENSO
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