【$ENSO Signal】Short squeeze continues, 1H level strong pullback, targeting secondary surge

$ENSO The 1H level has consolidated strongly after a massive rally, with the price holding above the EMA20 (1.9345), indicating a typical strong pullback structure. A single large bullish candle on the 4H level directly broke through the previous consolidation range, and the trend has shifted to bullish. Currently, the negative funding rate (-0.1480%) and stable open interest (OI) suggest the price remains firm, showing clear signs of a short squeeze, with obvious main force support.

🎯 Direction: Long (Long)

🎯 Entry/Order: 2.065 - 2.072 ( Reason: Support zone at 1H EMA20 and the lower boundary of the strong sideways platform )

🛑 Stop loss: 1.985 ( Reason: Break below the previous low on the 1H level and EMA50 support, indicating failed pullback )

🚀 Target 1: 2.150 ( Reason: Resistance at previous high and Fibonacci 0.618 extension on the 4H level )

🚀 Target 2: 2.250 ( Reason: 1.618 psychological resistance level )

🛡 Trading management:

- Position size suggestion: Standard position ( Reason: Multi-timeframe resonance, clear trend, but after a surge, avoid heavy chasing )

- Execution strategy: After entering, if the price quickly hits Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price rises slowly, hold until near Target 2 and then exit completely.

Deep logic: Over the past 4 hours, OI remains stable, and after a massive rally, the price refuses to undergo a deep correction, indicating strength. The order book shows buy depth (bid_ask_ratio_depth: 1.57) significantly thicker than sell orders, with dense support below. The 1H RSI (66.47) has fallen back from overbought territory, preparing for a second upward push. Coupled with the negative funding rate, short positions have high costs, and any small rally could trigger a short squeeze, driving the price rapidly higher.

View real-time market 👇 $ENSO

---

Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包