ENSO Supply Zone Test: Why Neutral Setups Matter for Patient Traders

ENSO is currently testing its supply zone between 0.8855 and 0.904. This isn't a directional call — it's a neutral setup, and that's where the real edge lives.

When price rejects from supply without a clear demand zone forming below, you're watching smart money's hand. They're testing liquidity above to gauge seller fatigue. If rejection is clean (volume spike, lower wick, orderly pullback), accumulation phase typically follows.

Here's what to monitor:

Price Action Quality — Count the rejection attempts at supply. One clean rejection ≠ trend reversal. Three rejections with increasing lower wicks? That's accumulation signal. Wick structure matters more than candle color.

Orderbook Behavior — Neutral setups expose bid/ask imbalance fastest. If sellers dry up on bounces toward 0.904, that's absorption. If bids pile at 0.8855 but get hit, that's liquidation liquidity being pulled.

Volume Profile — Supply zones hold because volume clustered there historically. ENSO's 0.8855–0.904 range likely has trapped sellers or fresh shorters. Watch whether new volume converges on rejection or diverges (sign of hesitation).

Why care about neutral?

Biased setups (clear demand, clear uptrend) are crowded. By the time you see bullish confluence, 60% of move is already priced in. Neutral setups punish FOMO and reward timing — the ability to enter after accumulation completes, not during it. Your risk/reward improves because you're buying post-absorption, not mid-squeeze.