【$ENSO Signal】Pullback to Long + 1H strong consolidation, negative rate short squeeze expectation

$ENSO The 1H level experienced a massive rally yesterday and is currently in a strong consolidation at high levels, with the price tightly hugging above the EMA20 (1.8364). The 4H level has broken through the long-term downtrend and is above the EMA50 (1.4000), indicating a trend reversal to bullish. The key points are: the negative rate is as high as -0.44%, while OI remains stable, and the price refuses to undergo a deep correction, which is a typical short squeeze structure.

🎯Direction: Long (Long)

🎯Entry/Orders: Enter in batches within the 1.850 - 1.860 range (Reason: The support zone of the 1H EMA20 and the dense area of the previous hour’s low points)

🛑Stop Loss: 1.800 (Reason: Breaks below yesterday’s critical 4H low of 1.801 and below the ATR14 lower band)

🚀Target 1: 1.960 (Reason: Previous high resistance level and yesterday’s upper shadow test area)

🚀Target 2: 2.050 (Reason: 1.618 Fibonacci extension level, corresponding to the previous 4H high)

🛡Trade Management:

- Position size suggestion: Standard position (Reason: 4H and 1H cycle resonance, negative rate provides a safety margin)

- Execution strategy: After reaching 1.960, reduce position by 50%, and move the remaining stop loss up to the entry price of 1.860. If the price quickly surges past 2.0, move the stop loss to 1.920 to seek greater gains.

Deep logic: The price surged 12% in a single day, but OI remained stable, indicating that it’s not purely driven by bullish buying but also by passive short covering. The depth imbalance of -5.79% shows light selling pressure. The 1H RSI (56.60) has healthy retraced from overbought territory, providing room for another push higher. The current consolidation is like refueling rather than a top. The core game point is that under negative rates, short positions have extremely high holding costs, and any small rally could trigger chain liquidations.

Check real-time market 👇 $ENSO

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