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$ENSO on a serious bullish run, but those overbought flags are waving hard. Could be time for a breather soon.
Volume check: The latest 4-hour candles are showing volume dipping off, like down to 2.8M from over 5M in the prior ones. That's during the price push up, which is a classic divergence red flag—makes you wonder if the steam's running out.
Flows side: We've got a solid +921k USDT pouring into contracts over the last 24 hours, but spot's bleeding a bit at -16.6k. Feels like the rally's mostly fueled by derivatives action, not so much spot buying.
Big players' vibe: That long/short ratio for large accounts is sitting at 1.7149, pointing to whales stacking longs, but it's pushing into extreme territory—might mean we're overextended.
On the price moves
$ENSO : K-lines are painting a strong V-rebound off that 0.5986 low, smashing through all the major moving averages. But the last four 4H sticks look indecisive, with those long upper wicks around the 0.7867 peak screaming profit-taking. Volume's been fading as price climbs, so that volume-price mismatch is yelling "short-term dip incoming" to me.
Trading angle
$ENSO : I'm eyeing a cautious short here, just as a tactical play on the expected pullback.
Entries: Jump in partial now around 0.7840-0.7870 if it feels right. Better yet, hold off for a rejection at Resistance around 0.8142 to add
Stops: Hard stop at 0.8150. And a time stop: if it's not in the green within 12 hours, bail out.
Targets: First take profits at 0.7410, then aim for 0.7110 as the main support level
Why bother? The overall trend's still bullish as hell, but with RSI screaming overbought, BOLL %B up there, and that volume fade, odds are good for a quick retreat to build back energy. That 14.75% jump in 24 hours? Yeah, not holding without some consolidation.
This is counter-trend stuff, so only for folks who've been around the block. If you're more chill, sit tight for a drop to the MA20 at 0.7148 before going long.
#ENSO #ENSOUSDT