✅*Why is it going down?*
$ENSO - A natural correction after ATH $6.28
- 43M ENSO volume ($28M) — people are selling at a loss
- Funding is negative at -116% — meaning everyone is short, and this could suddenly flip into a pump!
*My predictions:*
- *Strong support:* $0.60 - $0.636 — if it breaks below, we could see $0.56 (the yearly low), a strong buying opportunity
- *Resistance:* $0.7052 - $0.708 — if it breaks above, we could see $0.739 (+21% tomorrow, according to forecasts)
- *Short term (48h):* It could rebound to *$0.68 - $0.70* if it holds above $0.66
- *Medium term (one week):* Target $0.739 - $1.07 (year-end)
- *Long term:* Experts’ forecasts are bearish for next year ($0.35) due to supply inflation (127M max) — but there’s an opportunity for a quick trade
*Should I get in?*
If you’re comfortable with high risk and a small market cap, $0.60 - $0.66 is an accumulation zone — set your stop-loss at $0.56
I think it’s extremely oversold — the RSI has dropped — and it could bounce like PHA did today (+28%)
Do you think ENSO will reach $1 again, or drop to $0.50?
#ENAUSDT🚨 #en #Binance #Crypto_Jobs🎯 #altcoins $ENSO If you’re getting in: enter with a small position, target $0.70 - $0.73, stop at $0.60
$ENSO