【$ENSO Signal】Short squeeze continues, 1H level consolidating strongly, targeting a second pulse

$ENSO The 1H timeframe has experienced a 38% violent surge and is now consolidating strongly at high levels. The current price is sideways around 1.65, with the 1H K-line holding above the EMA20 (1.3721), which is a bullish signal. The 4H timeframe has broken out of a long-term consolidation zone with huge volume, confirming the trend. The key points are: funding rate is as high as -0.5174%, and open interest remains stable, indicating a classic short squeeze structure—bears are paying high costs, yet the price refuses to pull back, potentially triggering a second short squeeze rally at any time.

🎯Direction: Long (Long)

🎯Entry/Order: 1.645 - 1.650 (Reason: The lower boundary of the current strong consolidation zone, with the 1H EMA20 dynamic support moving upward )

🛑Stop Loss: 1.595 (Reason: Break below the previous 1H large bullish candle starting point around 1.604, and below ATR(0.0927)by one full ATR)

🚀Target 1: 1.750 (Reason: Psychological resistance above the previous high of 1.679 )

🚀Target 2: 1.850 (Reason: Based on the recent upward move’s 1.382 Fibonacci extension level )

🛡️Trade Management:

- Position size suggestion: Light (Reason: The intraday rally is already significant, volatility is extremely high, and caution against sharp shakeouts )

- Execution strategy: After entering, if the price quickly surges to around 1.72 and stalls, consider partial profit-taking. After reaching Target 1, reduce position by 50% and move stop loss to entry price. The remaining position aims for Target 2.

Deep logic: Market logic suggests “price rising, combined with open interest analysis,” while OI remains stable, indicating it’s not just profit-taking by longs. There may be new funds entering or shorts passively holding positions. Although the 1H RSI(83.98) is high, it has not turned over, and in a short squeeze scenario, overbought conditions can persist. The order book shows significantly more sell orders (above 1.652) than buy orders, but the price does not fall, indicating passive selling pressure. Once absorbed, this will accelerate upward movement. The core game is shorts surrendering under negative funding rates.

Check real-time market 👇 $ENSO

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