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

$ENSO At the 1H level, after a brief retest, the price has surged again with increased volume in the current period, creating new recent highs with a clear bullish breakout pattern. The 4H level has posted consecutive green candles with an uptrend confirmed, but the 1-hour RSI has entered overbought territory, warranting caution on short-term pullbacks. Order book data shows significantly thick buy-side depth, and the funding rate is negative. Combined with stable open interest while price rises, there is obvious short squeeze logic.

🎯 Direction: Long

⚡ Entry/Pending Order: 1.355 - 1.365 (Wait for minor price pullback or consolidation before entry)

🛑 Stop Loss: 1.318

🚀 Target 1: 1.450

🚀 Target 2: 1.542

🛡 ️Trade Management:

- Execution Strategy: After price reaches 1.450, reduce position by 50% and move the stop loss of remaining position up to entry price 1.365. If price fails to consolidate at entry zone and falls back, strictly apply stop loss without holding positions.

Deep Logic: Current market shows typical "negative funding rate + price rise + stable open interest" short squeeze characteristics, with forced short liquidations as the main driving force. The 1-hour level shows strong momentum but is approaching overbought conditions. The optimal strategy is to enter when price retests EMA support intraday. Below at 1.318 is the starting point of the previous rally and coincides with the 4H EMA50, forming strong support. Upside space has opened up, with the first target targeting the previous high zone.

View Real-Time Price 👇 $ENSO

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