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

$ENSO On the 1H timeframe, after a brief retest, the price has surged with increased volume in the current period, creating new recent highs with a clear strong breakout pattern. The 4H timeframe has posted consecutive green candles with an uptrend established, but the 1-hour RSI has entered the overbought zone, requiring caution against short-term pullbacks. Order book data shows significantly strong buying depth, and with negative funding rates combined with stable open interest and rising price, there is evident short squeeze logic.

🎯 Direction: Long

⚡ Entry/Order: 1.355 - 1.365 (Wait for minor retest 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 for remaining position up to entry price 1.365. If price fails to hold the entry zone and drops below, execute strict stop loss, do not hold the position.

In-Depth Logic: Current market exhibits typical "negative funding rate + rising price + stable open interest" short squeeze characteristics, with forced short covering as the main driving force. The 1-hour timeframe shows strong momentum but is approaching overbought territory; the optimal strategy is to wait for intraday retest of EMA support before entry. Below at 1.318 is the starting point of the previous surge and coincides with the 4H EMA50, forming strong support. Upside space has been opened; first target targets the previous high zone.

View Live Chart 👇 $ENSO

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