$ENSO
ENSOUSDT — Sharp Correction After Parabolic Rally
ENSOUSDT is trading near $1.4426, undergoing a sharp -7.71% correction after a parabolic +117% weekly rally. Price is now testing the key support zone between $1.3985 - $1.5000, which includes a prior swing high and the 0.382-0.5 Fibonacci retracement of the recent explosive move.
Trade Plan
Entry (Long): $1.40 - $1.48 (Scale into the key support and Fib retracement zone)
Target 1: $1.66 (Immediate resistance and recent consolidation high)
Target 2: $1.80 - $1.85 (Next resistance and measured move toward recent highs)
Stop Loss: $1.35 (Clear break below the swing low and support zone)
My View
ENSOUSDT is experiencing a healthy pullback after an extreme momentum move. This support zone offers a high-risk, high-reward long entry for a potential continuation of the uptrend. The stop is tight, respecting the volatile nature of the asset. A break below $1.35 would invalidate the immediate bullish structure.
