【$ESP Signal】Short squeeze pullback, long positions hidden

$ESP 1H timeframe surges then consolidates strongly, price steadily stays above the upper Bollinger Band. 4H MACD histogram continues to expand, bullish momentum remains strong. The order book shows a very thick buy wall, with over 40k USDT support from 0.0983 to 0.0982, clearly indicating capital support.

🎯Direction: Long

⚡Entry/Order: 0.0807 - 0.0828

🛑Stop Loss: 0.0794

🚀Target 1: 0.0963

🚀Target 2: 0.1031

🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.

Currently, the negative funding rate is as high as -1.48%, putting enormous pressure on short positions. Although the 1H RSI is overbought at 84 and shows signs of fatigue, combined with the volume breakout and stable open interest on the 4H timeframe, this fatigue is common in strong short squeeze markets. The dense trading zone at 0.0807-0.0828 was a previous breakout area and is near the 1H EMA20. Pulling back to buy here can achieve a risk-reward ratio of 1:4. It’s unwise to chase high when the price is far from moving averages; patience is key for a better entry opportunity.

View real-time market 👇 $ESP
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