$ENSO 24 hours of explosive growth exceeded 77%, can it still chase?
My answer is: Absolutely do not chase.
The more it rises, the harder it falls. Jumping in now is likely just to take over someone else's position.
Why?
1. Smart money has a cost of 0.954, the current price is 1.17, they are already up over 20%, and may take profits at any time, triggering a sell-off.
2. The short average price is 0.876, already deeply trapped. If the price falls back to around 1.0, their closing positions (equivalent to buying) will form support, but before that, the market needs a cleansing.
Therefore, my strategy is: wait for a pullback and buy in batches.
📊 My order plan (total position 20% of funds, using 5x leverage):
· First order: 1.055 buy (using 8% of principal to open a position)
Take profit at 1.25, stop loss at 0.885
· Second order: 0.965 buy (using 12% of principal to open a position)
Take profit at 1.185, stop loss at 0.885
📍 The logic behind this layout:
· 1.055 is a short-term support and also a psychological barrier, likely to have a rebound.
· 0.965 is the smart money cost zone; if it drops here, the support is stronger and the odds are higher.
· If both orders are executed, the average price will be around 1.0, which is very safe.
⚠️ Important reminders:
· The order validity period is 24 hours, and pullbacks after a surge are often quick.
· If only the first order is executed, remember to cancel the second order after reaching the take profit.
· If it takes off directly without giving an entry opportunity, absolutely do not chase high, better to miss out.
· The stop loss is uniformly set at 0.885; if it drops below, it indicates a possible trend reversal, must exit.
💰 Risk assessment:
· Worst-case scenario (both orders hit stop loss), loss of about 11.4% of total funds.
· If both orders hit take profit, profit of about 21%.
· Using 5x low leverage, the liquidation price is far below the stop loss, making it difficult to get stopped out due to spikes.
Summary: Stay calm during a market surge, let others FOMO, and we wait for the market to send money to us at the door.
Reminder: First take a screenshot of the order plan, click below ↓↓↓ to directly enter the trading page for orders!! $ENSO
