【$ENSO Signal】Short squeeze pullback, 1H level secondary upward opportunity

$ENSO The 1H level has entered a high-level consolidation after a sharp rise, with the price forming a flag pattern within the 1.86-1.90 range. The 4H level has established a strong bullish momentum with a large bullish candle, currently representing a healthy correction. The key points are: a negative funding rate as high as -0.7271%, and stable open interest, with the price remaining firm. This is a typical short squeeze structure, with enormous short covering pressure. The 1H RSI has fallen back from overbought territory to 63, preparing for another push higher.

🎯Direction: Long (Long)

🎯Entry/Order: 1.865 - 1.872 (Reason: 1H EMA20 dynamic support zone + lower boundary of consolidation range )

🛑Stop loss: 1.840 (Reason: Break below 1H consolidation low + ATR stop loss )

🚀Target 1: 1.945 (Reason: Previous high resistance level, also the intraday high )

🚀Target 2: 2.040 (Reason: 4H previous high resistance, look for new highs after breakthrough )

🛡️Trade management:

- Position size suggestion: Standard position (Reason: Clear 4H trend, clear 1H structure, favorable risk-reward ratio )

- Execution strategy: After reaching Target 1 at 1.945, reduce position by 50%, and move the remaining stop loss up to the entry price of 1.872. If the price strongly breaks above 2.0, move the remaining stop loss up to 1.94 to capture greater gains.

Deep logic: This is a classic capital game. A 26% increase accompanied by massive trading volume indicates deep involvement of major funds. Although current buy orders are slightly lower, stable open interest shows that long positions have not exited en masse. The depth imbalance at 34.2% and the bid-ask ratio of 2.04, with buy-side thickness far exceeding sell-side, demonstrate strong support below. The negative funding rate continues to fuel longs, and any minor correction could trigger forced short covering, rapidly pushing the price higher. Now is the perfect time to wait for the correction to end and target the second wave of upward movement.

View real-time market 👇 $ENSO

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