【$ESP Signal】Short squeeze continues, 1H level strong consolidation, targeting a second pulse

$ESP The 1H level has experienced a massive rally and is now in a high-level strong consolidation. The 4H level has a towering pillar breaking through all moving averages, indicating a trend reversal. The key points are: negative funding rate (-0.1275%) is extremely high, and open interest (OI) remains stable. The price refuses to decline sharply, which is a typical characteristic of a short squeeze market, with bears still being forced to close positions. Although the 1H RSI is at a high level (80.77), in a strong short squeeze, RSI dulling is normal, and a pullback is an opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0808 - 0.0815 (Reason: 1H EMA20(0.0691) supports above, strong consolidation zone lower boundary )

🛑Stop loss: 0.0777 (Reason: Break below the previous low on the 1H level and the bottom of the massive K-line body )

🚀Target 1: 0.0850 (Reason: Previous high resistance level, also the first intra-day pulse high point )

🚀Target 2: 0.0900 (Reason: Extension target based on ATR calculation, psychological integer level )

🛡️Trade management:

- Position suggestion: Light position (Reason: Daily increase has exceeded 38%, volatility is extremely high, risk first )

- Execution strategy: Use phased profit-taking. After reaching Target 1, close 50% to lock in profits, and move the stop loss of the remaining position to the entry price. The remaining position aims for Target 2; if the price strongly breaks through 0.0850, consider holding further.

Deep logic: The order book shows that sell depth above 0.0815 has significantly increased, indicating that main force is suppressing the price to absorb buy orders, not genuine selling pressure. Although buy depth is thin, it is concentrated, indicating strong willingness to support below. Market logic suggests “price rising, combined with open interest analysis,” current stable OI + firm price + negative funding rate perfectly fit the “bear trap” short squeeze scenario. The 1H buy/sell ratio remains between 0.51-0.53, with bulls slightly favored, and funds still flowing in.

Check real-time market 👇 $ESP

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