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【$ENSO Signal】Short | Weak consolidation after volume break
$ENSO After experiencing a -24.75% volume-driven plunge, it is now undergoing weak consolidation. Price action indicates a downward continuation rather than a valid rebound. High trading volume accompanied by falling prices, and open interest data should alert to potential main force distribution or long liquidation pressure.
🎯Direction: Short (Short)
🎯Entry: 1.35 - 1.37
🛑Stop Loss: 1.42 (Rigid Stop Loss)
🚀Target 1: 1.20
🚀Target 2: 1.05
The decline of $ENSO is driven, not a healthy correction. Prices are consolidating below key support levels, showing no signs of absorption by buyers. Any rebound on lower timeframes faces immediate selling pressure, and market sentiment leans toward panic and selling. As long as the price stays below 1.42, the downward trend structure remains intact, and seeking liquidity downward is the main path.
Trade 👇 $ENSO
---$ENSO
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