【$ESP Signal】Pullback to add longs + 1H retest confirmation in the 4H uptrend

$ESP The 1H timeframe is retesting the EMA50 (0.1290) and the 4H EMA20 (0.1295) support zone, which is a healthy pullback in a strong trend. The 4H chart has formed a clear upward channel, with a massive bullish candle yesterday laying the foundation for the bulls. Although the current price has slightly pulled back, open interest remains stable, and the negative funding rate (-0.1142%) suggests selling pressure is still present, setting the stage for a potential short squeeze rebound.

🎯Direction: Long (Long)

⚡Entry/Order: 0.1250 - 0.1280 (adjusted based on suggested_entry, close to 1H support)

🛑Stop Loss: 0.1190 (below previous low, ATR protected)

🚀Target 1: 0.1380

🚀Target 2: 0.1460

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold the remaining position for Target 2. If the price pulls back and hits the moving stop loss, exit all positions.

Deep Logic: The 4H chart shows that after breaking through the key resistance at 0.12, volume and price are rising together, with active buying. Although the latest 1-hour buy ratio dropped to 0.4, this is normal profit-taking after a rapid rally. Open interest remains stable rather than decreasing, indicating that major funds have not exited but are rotating positions at this level. The 1H RSI (50.37) is in a neutral zone, preparing for another upward move. Coupled with the negative funding rate, once buying resumes, it can easily trigger a short squeeze and rapid upward movement.

View real-time market 👇 $ESP

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