【$ENSO Signal】Long - 1H Breakout Retest Confirmation, Negative Funding Rate Short Squeeze Underway

$ENSO At the 1H level, after a brief retest, the price surged again with increased volume during the current period, reaching recent highs with a clear strong breakout pattern. The 4H level has posted consecutive bullish candles with an uptrend established, but the 1-hour RSI has entered overbought territory, warranting caution on short-term pullbacks. Order book data shows significantly deep buying interest, with negative funding rates. Combined with stable open interest and rising price, there's a clear short squeeze logic.

🎯 Direction: Long

⚡ Entry/Orders: 1.355 - 1.365 (Await minor pullback or consolidation before entry)

🛑 Stop Loss: 1.318

🚀 Target 1: 1.450

🚀 Target 2: 1.542

🛡 📋 Trade Management:

- Execution Strategy: Once price reaches 1.450, reduce position by 50% and move the stop loss of remaining position up to entry level 1.365. If price fails to hold the entry zone and drops below, execute strict stop loss without averaging down.

Deep Logic: Current market exhibits typical "negative funding rate + price appreciation + stable open interest" short squeeze characteristics, with passive short covering as the main driving force. The 1-hour level shows strong momentum but is approaching overbought, with the optimal strategy being entry on intraday pullback to EMA support. The 1.318 level below marks both the starting point of the previous rally and coincides with the 4H EMA50, forming strong support. Upside space has been opened, with the first target looking toward the previous high area.

View Real-time Chart 👇 $ENSO

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