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$ENSO 🚫 Zone 2.30–2.32: strong sell-off
→ Long upper wick, small body ⇒ unable to break previous high 2.319.
• 📉 Volume does not surge further after the strong pump
→ Buying momentum wanes, not enough to sustain the breakout.
• 📊 MACD remains positive but the slope slows down
→ Signs of enthusiasm weakening, prone to correction / sideways movement.
• 📐 Price is far from EMA30 → usually a rebound to test support.
Short-term scenario
1️⃣ More likely correction (:
• Rebound: 2.05 – 2.00
• Deeper: 1.86 – 1.90 )EMA10 / EMA30(
2️⃣ To continue upward movement, need:
• H1 candle closes firmly above 2.32
• Volume increases significantly
➡️ If these two conditions are not met, it’s just a pull and dump.
Safe strategy
• ❌ Avoid FOMO long at the top
• ✅ Wait:
• Rebound to support before going long
• Or break & retest 2.32 successfully