🔻 ENSO dropped -7.6% today on $79.7M volume — that's 7.88x its normal flow. When price falls on massive volume, something is happening.
RSI at 47.3 on the 4H is neutral, but the price action tells a different story. ENSO is consolidating between $0.845 and $0.883 after a strong run. The SMA7 (4H) at $0.886 is now acting as resistance.
📊 Why This Trade?
After a big move up, consolidation with heavy selling volume often leads to a breakdown. The daily RSI at 51.5 is dead neutral — no bullish divergence to suggest a bounce. Longs are crowded at 1.41 ratio, which makes a flush more likely.
🎯 Trade Plan (SHORT):
• Entry: $0.8452 – $0.8828
• SL: $0.9393 (above consolidation range high)
• TP1: $0.8198 | TP2: $0.7945 | TP3: $0.7607
Confidence: 65%. This is a mean-reversion play. If it breaks above $0.89 with volume, the thesis is dead.
Is ENSO building a bull flag or topping out? Drop your take 👇
#ENSO #DYOR
⚠️ Not financial advice. Trade your plan.