【$ENSO Signal】Short squeeze correction followed by long entry, 1H level consolidating and preparing for another surge

$ENSO The 1H level has experienced a massive rally and is now consolidating strongly above a key support level. A legendary bullish candle on the 4H chart confirms an uptrend. The current price is retracing to the vicinity of the 1H EMA20 (1.7125), with open interest remaining stable and a high negative funding rate of -1.2%, indicating a strong short squeeze expectation. This is a typical first correction in a strong coin and an excellent short-term sniper opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 1.870 - 1.880 (Reason: 1H EMA20 support zone + lower edge of previous hour's candlestick body )

🛑Stop Loss: 1.820 (Reason: Break below the 1H consolidation low at 1.842 + ATR buffer )

🚀Target 1: 2.040 (Reason: Previous high resistance level )

🚀Target 2: 2.200 (Reason: 4H upward wave Fibonacci extension at 1.618 )

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: Clear 4H trend, effective 1H support, favorable risk-reward ratio )

- Execution strategy: After reaching Target 1, reduce position by 50% and lock in profits. Move the remaining stop loss to the entry price. If the price surges quickly, move the remaining stop loss above the 1H EMA50 (1.4930) to capture a larger trend.

Deep logic: The buy/sell ratio on the 4H chart has remained between 0.51-0.53 across several candles, indicating sustained buying dominance. Although the 1H RSI(70.78) is somewhat high, it can be tolerated in a strong short squeeze environment. Key market depth shows that the ask side from (1.8871) to (1.8875) is relatively sparse, while buy orders are heavily stacked in the 1.885-1.886 range, indicating strong support below. The negative funding rate combined with firm prices forms a classic short squeeze structure, and short covering could trigger a secondary pulse.

Check real-time market 👇 $ENSO

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