📢 $ENSO / $USDT | 🔴 SHORT | ⭐ 72.5%
🎯 Target: $0.729. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.773
🛑 Stop Loss: $0.7994
🏁 TP1: $0.729
🏁 TP2: $0.7202
🏁 TP3: $0.7026
📉 Analysis:
The pair $ENSO / $USDT shows a complete bearish alignment across multiple timeframes, with an ADX at 76.37 confirming a high-intensity trend. The structure weakens after the confirmation of a triple top and the bearish MACD crossover (momentum indicator), while the RSI at 21.26 reflects oversold conditions that, within a strong trend context, act as continuation of selling pressure. Price is trading below the VAL (volume profile minimum value), which confirms bearish dominance over the POC at $1.0063.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1h
📐 Technical confidence: 4/5
This thesis is invalidated if price breaks upward through the stop loss, invalidating the triple-top structure. It’s essential to monitor volume behavior in the $0.765 support zone, as a break with increased selling would confirm the extension toward the set targets.
Do you think the current volume is enough to break the $0.765 support during this session?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #ENSO #trading #Futures #Bearish
🎯 Target: $0.729. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.773
🛑 Stop Loss: $0.7994
🏁 TP1: $0.729
🏁 TP2: $0.7202
🏁 TP3: $0.7026
📉 Analysis:
The pair $ENSO / $USDT shows a complete bearish alignment across multiple timeframes, with an ADX at 76.37 confirming a high-intensity trend. The structure weakens after the confirmation of a triple top and the bearish MACD crossover (momentum indicator), while the RSI at 21.26 reflects oversold conditions that, within a strong trend context, act as continuation of selling pressure. Price is trading below the VAL (volume profile minimum value), which confirms bearish dominance over the POC at $1.0063.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1h
📐 Technical confidence: 4/5
This thesis is invalidated if price breaks upward through the stop loss, invalidating the triple-top structure. It’s essential to monitor volume behavior in the $0.765 support zone, as a break with increased selling would confirm the extension toward the set targets.
Do you think the current volume is enough to break the $0.765 support during this session?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #ENSO #trading #Futures #Bearish