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ENSUSDT Short Position Analysis: Bearish Trend Imminent
The analysis suggests a bearish outlook for ENSUSDT after a strong impulsive rise to the supply zone, where weak reactions and deviations indicate diminishing buying strength. The previous sideways trend and the formed downward break of structure imply a potential volume fixation and reversal. The recent upward move appears as a retest prior to possible decline, especially with numerous FVGs below suggesting room for deep correction. Overall, market logic and weak buying signals in resistance zones point towards a downward movement, with targeted support levels at 23.590, 22.292, and 20.086.
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AI Analysis
The recent price action on the 1-hour timeframe shows that ENSUSDT has reached a supply zone after a notable impulsive increase. This area exhibits weak reactions and a divergence from a minor peak, s...
AI Recommendation
Considering the weak reactions at the supply zone and the break of structure, it is advisable to open a short position on ENSUSDT at the current level, aiming for the identified support targets. The s...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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