【$ENSO Signal】Pullback to accumulate for a second surge after a rally, 1H level consolidation awaiting launch

$ENSO The 1H level has entered a healthy correction after a sharp rise, forming a short-term support around 1.77. After a large bullish candle on the 4H level, a long upper shadow appeared, indicating selling pressure above, but the overall trend remains a high-level consolidation after a strong breakout. Currently, the 1H RSI(59) has fallen from the overbought zone to neutral, preparing for another upward move. The negative funding rate(-0.2757%) is significant, indicating potential short covering, and stable OI suggests funds have not exited significantly.

🎯Direction: Long (Long)

🎯Entry/Order: 1.765 - 1.775 (Reason: 1H EMA20(1.7248) support zone, near the lower edge of recent consolidation platform)

🛑Stop Loss: 1.715 (Reason: Break below the 1H previous low support and ATR(0.1385) lower band)

🚀Target 1: 1.920 (Reason: Previous high resistance level, also the start of the 4H upper shadow)

🚀Target 2: 2.040 (Reason: Fibonacci 1.618 extension after breaking previous high)

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Daily increase over 30%, volatility is extremely high, risk amplified)

- Execution strategy: If the price quickly surges after entry, take profit at Target 1 and reduce position by 50%, move stop loss to entry price for remaining position. If the price consolidates in the entry zone for more than 4 1H candles without a move, consider exiting early.

Deep logic: After falling from the 2.04 high, buy orders around 1.77 are significantly thicker than sell orders (depth imbalance -6.53%), indicating funds are supporting at this level. The 4H buy/sell ratio remains around 0.51, not a one-sided sell-off. Combined with the negative funding rate, if the price stabilizes on this platform, it can easily trigger a short covering second surge. Key point is whether the 1H can close above 1.78 with volume.

View real-time quotes 👇 $ENSO

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