【$ESP Signal】Follow the trend long + 1H level strong consolidation, short squeeze continues

$ESP After experiencing a massive rally, the 1H level enters a high-level strong consolidation. The price stays close above the 1H EMA20 (0.0927), refusing deep retracement. The 4H level is confirmed to be in an uptrend by an epic bullish candle (+22%). Currently, RSI is high but shows no divergence, open interest (OI) is stable, and negative funding rates suggest that the bears are still being squeezed. This is a typical short squeeze market with ongoing momentum.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1085 - 0.1095 (Reason: The lower boundary of the current strong consolidation zone, with the 1H EMA20 dynamic support moving up to this area)

🛑Stop Loss: 0.1048 (Reason: Break below the previous consolidation platform low on the 1H level and ATR(0.0088)Lower Band)

🚀Target 1: 0.1150 (Reason: Previous high resistance and psychological integer level)

🚀Target 2: 0.1220 (Reason: Based on recent rally wave 1.618 Fibonacci extension level)

🛡️Trade Management:

- Position suggestion: Light position (Reason: Intraday increase has exceeded 49%, volatility is high, risk first)

- Execution strategy: After the price reaches 0.1150, take profit on 50% of the position, and move the stop loss of the remaining position up to the entry price of 0.1090. If the price strongly breaks through 0.1150 and stabilizes, consider targeting the remaining position at 0.1220.

Deep logic: Market logic indicates ‘price rising, combined with position volume judgment’. Currently, open interest is stable, and the price is firm, not just a simple bear trap but more like a short squeeze driven by main funds. The 1H RSI is as high as 80, but the 4H RSI is 74, not yet in extreme overbought territory, leaving room for further upward movement. Market depth shows ask orders slightly thicker than bid orders, but with a very small spread, indicating fierce battle between bulls and bears at this level. Once the price breaks through the thin sell order zone above, a rapid rally may be triggered.

View real-time market 👇 $ESP

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