$ENSO pulled 16.48x its prior 20-day volume across the last five sessions and it's still parked at $0.884, right under the range high.
that's the part worth stopping on. big volume, price barely moved. when that much trade goes through and the coin doesn't dump, somebody is quietly absorbing the sell side. 24h volume on Binance is $88M for a name this size.
the tape agrees. price sits above both the 20 and 50 day moving averages, daily RSI is 55 with room left, and the MACD histogram is positive on the daily and the 4H. nothing stretched, everything pointed up.
so here's my call. last print $0.884, 24h low $0.85, 24h high $0.92. if $ENSO holds the daily EMA20 at $0.855, i think it grinds into the 10-day swing high at $0.92 and takes a run at breaking it. if it loses $0.855, i'm wrong on this and there's nothing to defend, because that's the line the whole move is standing on, and losing it means the volume spike was people leaving, not arriving. if you're long, that break is your exit, not a level to add on.
holding $0.855 or losing it?
that's the part worth stopping on. big volume, price barely moved. when that much trade goes through and the coin doesn't dump, somebody is quietly absorbing the sell side. 24h volume on Binance is $88M for a name this size.
the tape agrees. price sits above both the 20 and 50 day moving averages, daily RSI is 55 with room left, and the MACD histogram is positive on the daily and the 4H. nothing stretched, everything pointed up.
so here's my call. last print $0.884, 24h low $0.85, 24h high $0.92. if $ENSO holds the daily EMA20 at $0.855, i think it grinds into the 10-day swing high at $0.92 and takes a run at breaking it. if it loses $0.855, i'm wrong on this and there's nothing to defend, because that's the line the whole move is standing on, and losing it means the volume spike was people leaving, not arriving. if you're long, that break is your exit, not a level to add on.
holding $0.855 or losing it?