【$ENSO Signal】Pullback for Long Entry + 4H Trend Continuation

$ENSO The 1H timeframe is experiencing a healthy pullback after a sharp rally, with price retracing to around 1.38. The 4H large bullish candle has confirmed an uptrend, and the current pullback hasn't broken key support—an excellent second entry opportunity. Open interest remains stable, indicating longs haven't panicked into selling. Negative funding rates suggest shorts are still resisting, setting the stage for a potential short squeeze.

🎯Direction: Long

⚡Entry/Pending Orders: 1.289 - 1.322

🛑Stop Loss: 1.256

🚀Target 1: 1.587

🚀Target 2: 1.720

🛡️Trade Management:

- Execution Strategy: Upon reaching Target 1, take profit on 50% of position and move the stop loss on remaining position to entry price. If price breaks Target 1 strongly, trail stop loss on remaining position to capture Target 2.

In-Depth Logic: The 4H chart shows price breaking out from previous consolidation on volume—a clear signal of institutional entry. Although 1H RSI has pulled back from highs to 63, this is a healthy correction of overbought conditions, not a trend reversal. Orderbook data shows sell pressure stacking above 1.385, but buy support is thicker below 1.382, forming a support cushion. Combined with stable open interest and negative funding rates, this looks like a bull shakeout, building momentum for the next leg up. Key support sits at the EMA50 at 1.256—as long as it holds, the uptrend structure remains intact.

View Live Charts 👇 $ENSO

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