2.319 → 2.182 → now hovering around 2.15–2.16 → buyers no longer have enough momentum to push the price higher • 🔴 H1 red candle, closes below EMA5 (≈2.06) → sign of short-term bullish momentum loss • 📉 Volume decreases compared to the pump candle → this is a light sell-off / profit-taking, not a continuation • 📊 MACD remains positive but histogram shortens → upward momentum has peaked, technical rebound is likely
Important price zones at this moment • 2.15–2.18 → short-term resistance (being rejected) • 2.05–2.00 → first support (EMA5–EMA10) • 1.90–1.92 → stronger support (EMA10–EMA30)
Most probable scenario (high probability)
➡️ Sideways → retracement to test 2.05 or 2.00 Then: • Holding above 2.00 → still have a chance to go up again • Losing 2.00 → potential deep sell-off to 1.90
What to do now? • ❌ Do not chase longs • ⚠️ Existing longs → tighten stop-loss / gradually take profit • ✅ Wait outside: • Rebound to new support before long entry • Or close H1 > 2.18 with high volume before following
👉 In summary: Buyers have lost in the higher zone, the market is resting and short-term distribution.
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$ENSO • ❌ Gradually declining lows:
2.319 → 2.182 → now hovering around 2.15–2.16
→ buyers no longer have enough momentum to push the price higher
• 🔴 H1 red candle, closes below EMA5 (≈2.06)
→ sign of short-term bullish momentum loss
• 📉 Volume decreases compared to the pump candle
→ this is a light sell-off / profit-taking, not a continuation
• 📊 MACD remains positive but histogram shortens
→ upward momentum has peaked, technical rebound is likely
Important price zones at this moment
• 2.15–2.18 → short-term resistance (being rejected)
• 2.05–2.00 → first support (EMA5–EMA10)
• 1.90–1.92 → stronger support (EMA10–EMA30)
Most probable scenario (high probability)
➡️ Sideways → retracement to test 2.05 or 2.00
Then:
• Holding above 2.00 → still have a chance to go up again
• Losing 2.00 → potential deep sell-off to 1.90
What to do now?
• ❌ Do not chase longs
• ⚠️ Existing longs → tighten stop-loss / gradually take profit
• ✅ Wait outside:
• Rebound to new support before long entry
• Or close H1 > 2.18 with high volume before following
👉 In summary: Buyers have lost in the higher zone, the market is resting and short-term distribution.