【$ENSO Signal】Short squeeze rebound continues, 1H pullback confirmation to go long

$ENSO The 1H timeframe has experienced a massive rally and is currently in a high-level consolidation phase to digest gains. A single strong bullish candle on the 4H chart broke through the previous consolidation zone, indicating a trend reversal to bullish. The current price is strongly consolidating above the 1H EMA20 (1.9842). The negative funding rate (-0.1472%) combined with firm price action signals a strong short squeeze, with clear main force support. Open interest remains stable, showing that funds have not exited, awaiting a secondary surge.

🎯Direction: Long (Long)

🎯Entry/Order: 2.1250 - 2.1350 (Reason: The 1H pullback confirmation zone, also the support in the upper part of the massive bullish candle )

🛑Stop loss: 2.0500 (Reason: Break below the low of the massive bullish candle at 2.1066, trend is broken )

🚀Target 1: 2.2650 (Reason: Breakout of previous high resistance, creating a new intraday high )

🚀Target 2: 2.4000 (Reason: Extension target based on ATR calculation, also a psychological integer level )

🛡️Trade management:

- Position suggestion: Light position (Reason: Daily gains are significant, volatility is extremely high, prevent profit-taking reversal )

- Execution strategy: After the price reaches Target 1 at 2.2650, reduce position by 50%, and move the remaining stop loss up to the entry price of 2.1350. If the price cannot hold above the entry zone and falls below 2.14, consider exiting early and observing.

Deep logic: The 4H buy ratio reached 0.54 during the rally, indicating strong buying by main force. The 1H RSI (64.55) has fallen from overbought to a healthy zone, preparing for another upward move. The order book shows sell orders stacked above 2.141, but buy orders are also dense below 2.139, creating a brief balance. Once buy orders absorb the thin sell orders above (only 4.6 at 2.1398), a rapid surge may be triggered. In a negative funding environment, short positions have high costs, and any stabilization could trigger short covering, further boosting the rally.

View real-time market 👇 $ENSO

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