⚠️ Coin $ENSO is facing a sell rejection at the trendline and is preparing for a corrective downside wave
🔴 Technical direction: strong sell rejection from the upper descending trendline
📍 Monitoring zone: 0.850 – 0.865
🎯 Corrective price targets:
• Target 1: 0.824
• Target 2: 0.807
• Target 3: 0.792
❌ Invalidation: a 4-hour candle close above 0.880
💡 Technical rationale: the price encountered a sharp sell rejection immediately upon touching the descending resistance line and formed a bearish reversal candle, along with the movement entering a transitional phase. Despite a temporary rise in momentum, the overall bias still leans bearish with the failure of the breakout
🔴 Technical direction: strong sell rejection from the upper descending trendline
📍 Monitoring zone: 0.850 – 0.865
🎯 Corrective price targets:
• Target 1: 0.824
• Target 2: 0.807
• Target 3: 0.792
❌ Invalidation: a 4-hour candle close above 0.880
💡 Technical rationale: the price encountered a sharp sell rejection immediately upon touching the descending resistance line and formed a bearish reversal candle, along with the movement entering a transitional phase. Despite a temporary rise in momentum, the overall bias still leans bearish with the failure of the breakout
