$ENSO is showing a strong price surge but is beginning to face significant selling pressure from holders. Although the overall trend is still upward, the indicators are warning of an "overheated" state.
Trade Bias: SHORT
• Entry: $1.75 – $1.84
• Stop-loss (SL): $1.95 (Exceeding the highest point in 24h to protect the position if there is a price push)
• Take-profit (TP):
• TP1: $1.49 (Touching the MA7 line - nearest support)
• TP2: $1.36 (MA25 zone - Equilibrium point of buying/selling forces)
• TP3: $1.17 (Previous low in 24h - Complete profit taking)
Overwhelming selling pressure: The selling cash flow actively accounts for up to 63.40%, indicating that the sellers are fully controlling the game at the high price level.
Excessive growth: The price increased by +44.60% in a short period and is too far from the moving average support lines (MA), creating a regression trend towards a lower equilibrium price range.
Surge in volume: Trading volume reached a peak (~522M USDT), often a sign of a buying climax before a reversal adjustment.