ENS is coiling near 5.83 after reclaiming significant ground from its recent low.
Entry: 5.80–5.85
TP1: 6.06
TP2: 6.56
TP3: 7.00
SL: 5.60
Leverage: 3x–5x
Eyeing this level for a long on $ENS
The token bounced hard from 3.77 just days ago and is now holding above 5.80. Top traders are heavily long, with the long/short ratio sitting at 1.99 by positions. Market cap sits at $585M with a fully diluted valuation of $585M. Open Interest is rising, and the funding rate remains positive at 0.01%. The 6.06 resistance is the first hurdle, but if bulls sustain pressure, a move toward 6.56 and higher could follow.
Are we seeing a sustained recovery or just a temporary squeeze?
Trade here 👇🏻
Entry: 5.80–5.85
TP1: 6.06
TP2: 6.56
TP3: 7.00
SL: 5.60
Leverage: 3x–5x
Eyeing this level for a long on $ENS
The token bounced hard from 3.77 just days ago and is now holding above 5.80. Top traders are heavily long, with the long/short ratio sitting at 1.99 by positions. Market cap sits at $585M with a fully diluted valuation of $585M. Open Interest is rising, and the funding rate remains positive at 0.01%. The 6.06 resistance is the first hurdle, but if bulls sustain pressure, a move toward 6.56 and higher could follow.
Are we seeing a sustained recovery or just a temporary squeeze?
Trade here 👇🏻
