Trade Setup: $ENSO
Current Price: $1.948
Entry Zone: $1.85 – $1.95
Target 1: $2.20
Target 2: $2.50
Stoploss: $1.78
Explanation:
$ENSO is trading near a crucial support region around $1.90, which has acted as a key accumulation zone in recent sessions. The token has shown strong buying interest whenever it dips below $1.90, indicating that bulls are defending this level aggressively. On the upside, the immediate resistance lies around $2.20, where previous profit-taking occurred. A breakout above this level could accelerate momentum toward the $2.50 mark, confirming a short-term bullish continuation. The RSI is recovering from oversold levels, suggesting renewed strength. Maintaining support above $1.85 keeps the bullish setup intact, while a close below $1.78 would invalidate this view and signal potential downside pressure.