【$ENA Signal】Pullback Long + 1H Level RSI Bullish Divergence Setup

$ENA The 1H level is oscillating around a critical support zone (0.1030-0.1040). RSI(1H) shows signs of bullish divergence, with price declining but momentum weakening. Although the 4H level is in a downtrend channel, open interest (OI) remains stable, and negative funding rates suggest a short squeeze risk. This is a classic【Downward Exhaustion】signal, suitable for aggressive positioning.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1035 - 0.1040

🛑Stop Loss: 0.1019 (below previous low and dense buy zone)

🚀Target 1: 0.1070 (1H EMA20 and previous high resistance)

🚀Target 2: 0.1088 (Previous high on 4H level and key breakout level)

🛡️Trade Management:

- Position size recommendation: Light

- Execution strategy: After entry, if the price quickly rebounds above 0.1060, move the stop loss to break-even at entry price. After reaching Target 1, reduce position by 50%, and move the remaining stop loss to 0.1055 to aim for Target 2. If the price consolidates in the entry zone for more than 4 hours without a move, consider exiting early.

Deep Logic: Market depth shows a massive accumulation of buy orders in the 0.1020-0.1035 range (totaling over $20 million), forming a strong support wall. Despite the decline, OI remains stable, indicating it’s not mainly large traders unloading but rather cleaning out long leverage. The 1H RSI(41.77) is near oversold with bullish divergence, combined with negative funding rates(-0.0018%). Once the market stabilizes, it can trigger a quick short covering rebound. Currently, this is an optimal left-side setup with high risk-reward.

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