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

$ENSO 1H level is undergoing a healthy pullback after a violent rally, with price retracing to around 1.38. The 4H large bullish candle confirms an uptrend, and the current pullback hasn't broken key support—an excellent opportunity for a second entry. Open interest remains stable, indicating longs haven't panicked exits, while negative funding rates suggest shorts still resisting, laying groundwork for a potential short squeeze.

🎯 Direction: Long

⚡ Entry/Pending: 1.289 - 1.322

🛑 Stop Loss: 1.256

🚀 Target 1: 1.587

🚀 Target 2: 1.720

🛡 ️Trade Management:

- Execution Strategy: When price reaches Target 1, take profit on 50% of position and move stop loss of remaining position to entry price. If price breaks Target 1 strongly, move remaining position's stop loss with price to chase Target 2.

Deep Logic: 4-hour chart shows price breaking out of previous consolidation on volume expansion—a clear signal of institutional entry. Although 1H RSI has pulled back from highs to 63, this is a benign correction of overbought conditions, not a trend reversal. Order book data shows sell orders stacking above 1.385, but buy orders are thicker below 1.382, forming support cushion. Combined with stable open interest and negative funding rate, this looks more like a bullish shakeout accumulating strength for the next rally. Key support sits at EMA50 around 1.256—as long as it holds, the uptrend structure remains intact.

Check Live Chart 👇 $ENSO

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