#ENSO
📌 Summary of expected scenarios:
• Positive scenario (rebound): Holding above the nearby support level at 0.608 would open the door to testing the next resistance at 0.631 (the 25 EMA level). Breaking above this level and closing an hourly candle above it would confirm the rebound's strength, with targets at 0.657 and then 0.691.
• Negative scenario (continued decline): Failing to hold the 0.608 level and breaking below the recent low at 0.594 would invalidate the current accumulation thesis and lead the price to seek a deeper low
📌 Summary of expected scenarios:
• Positive scenario (rebound): Holding above the nearby support level at 0.608 would open the door to testing the next resistance at 0.631 (the 25 EMA level). Breaking above this level and closing an hourly candle above it would confirm the rebound's strength, with targets at 0.657 and then 0.691.
• Negative scenario (continued decline): Failing to hold the 0.608 level and breaking below the recent low at 0.594 would invalidate the current accumulation thesis and lead the price to seek a deeper low