$ENSO /USDT SHORT TRADE SETUP
is currently trading at 2.155. The chart shows an extremely volatile and nearly parabolic price spike that was sharply rejected from the 24h high of $2.696. The current candle is a large red reversal candle with a long wick, indicating massive profit-taking and strong selling pressure after the peak. This suggests a high probability of a deeper correction.
Current Price: 2.155
24h High: 2.696
🎯 Target Points (TPs)
TP1: 2.050 (Targeting the body of the previous large green candle for a high-probability initial pullback)
TP2: 1.950 (Continuation target, aiming for the next major support level below $2.00)
TP3: 1.800 (Deep correction target, aiming for a re-test of the pre-spike consolidation zone)
🛑 Stop Loss (SL)
Set a tight stop loss just above the current Mark Price and the most recent local high, around 2.250, to protect against a swift re-absorption of the selling pressure or a further push to the recent high.
Trade with caution here on $ENSO due to extreme volatility.
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