$ENS Signal: Callback accumulation for long positions; expecting a short squeeze driven by a negative fee rate

RSI 4h 73.23, the 4H Bollinger upper band 1.0268 is pierced through by the candle body. The 1H MACD histogram continues to narrow; resistance at 1.1388 above. EMA20_1h at 0.9664 below forms the first support. Funding rate -0.6551% hits an extreme negative value, with short positions’ cost remaining high. In the order book, buy-side depth accounts for 54%; sell orders are sparse, but there is still willingness to absorb.
🎯 Direction: Long (place orders for a callback)
⚡ Entry: 0.8789 - 0.8900
🛑 Stop loss: 0.8451
🚀 Target 1: 0.9465
🚀 Target 2: 0.9803
🛡️ Trade management: When price reaches Target 1, reduce 50% of the position, and move the stop loss up to break even. If price falls below 0.8451, exit unconditionally.
Depth logic: Negative fee rate combined with stable OI; shorts have not exited yet. Once price steadies and rebounds, short covering will accelerate and push prices higher. Near-term momentum is fading, so wait patiently for a pullback to the lower area before going long. The current risk-reward ratio is only reasonable when entering at the lower bound.
Check real-time market 👇 $ENS
---
Follow me: Get more real-time crypto market analysis and insights! $BTC $ETH $SOL
‍#WCTC交易王PK #加密市场行情震荡 #rsETH攻击事件后续进展