The ENSOUSDT 50x short position is currently showing an unrealized loss of -441.5%. Entry: 0.6106; the current price is chopping around 0.664512.
Price is ranging between 0.592 and 0.7517. Short-term volume has contracted somewhat, suggesting a strong consolidation shakeout.
The position is within the risk budget. I’m keeping a close eye on 0.7517 as the hard stop level; as long as the trend holds, I won’t be shaken out easily.
Is this price action a shakeout before another move, or is a trend reversal coming? Which side are you on?
#ENSO #Binance Square
Price is ranging between 0.592 and 0.7517. Short-term volume has contracted somewhat, suggesting a strong consolidation shakeout.
The position is within the risk budget. I’m keeping a close eye on 0.7517 as the hard stop level; as long as the trend holds, I won’t be shaken out easily.
Is this price action a shakeout before another move, or is a trend reversal coming? Which side are you on?
#ENSO #Binance Square