【$ENSO Signal】Long - 1H Breakout Pullback Confirmation, Negative Funding Rate Squeeze Ongoing

$ENSO At the 1H level, after a brief pullback, the price has surged again with increased volume in the current period, creating new local highs with a clear bullish breakout pattern. The 4H level has printed consecutive green candles with an uptrend established, however the 1-hour RSI has entered the overbought zone, warranting caution for short-term pullbacks. Order book data shows significantly deep buy-side liquidity, and with a negative funding rate combined with stable open interest and rising price, there is an obvious short squeeze setup.

🎯 Direction: Long

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

🛑 Stop Loss: 1.318

🚀 Target 1: 1.450

🚀 Target 2: 1.542

🛡 ️Trade Management:

- Execution Strategy: Upon price reaching 1.450, reduce position by 50% and move the stop loss of remaining position up to entry price 1.365. If price fails to stabilize within the entry zone and drops below it, execute strict stop loss—do not hold against the trade.

Depth Logic: Current market exhibits typical "negative funding rate + price increase + stable open interest" short squeeze characteristics, with forced short liquidations as the primary driver. The 1-hour dynamic is strong but already approaching overbought levels. The optimal strategy is to wait for EMA support pullback intraday before entering. The 1.318 level below marks the starting point of the previous surge and coincides with the 4H EMA50, forming strong support. Upside space has opened up, with the first target aimed at the previous high zone.

View Real-Time Charts 👇 $ENSO

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