$ENSO – BEARISH RETRACEMENT UNDERWAY

After facing rejection near the $2.78 high, $ENSO has shifted momentum downward, forming lower highs and consistent selling pressure. The recent breakdown below $1.85 confirms a potential short-term bearish continuation as buyers failed to defend the mid-range structure. If price sustains below this zone, further downside movement could unfold toward key support levels.

Trade Setup (Short):

• Entry: 1.82 – 1.86

• Target 1: 1.68

• Target 2: 1.55

• Target 3: 1.42

• Stop Loss: 1.97

Market Outlook:

Bearish momentum dominates after rejection from resistance, indicating potential for continued decline if price remains under $1.90.