【$ESP Signal】Long | 1H pullback confirmation, main force clearly intends to support the market

$ESP The 1H timeframe has experienced a massive rally and is currently at the end of a healthy flag pattern consolidation. The price is consolidating strongly around 0.0803, with the 1H EMA20 (0.0745) providing strong support, and the 4H level has already stabilized above EMA20 (0.0720), indicating a trend reversal from down to up. In a negative funding rate environment, open interest remains stable, prices are firm, and there is potential for a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0800 - 0.0805 (Reason: Currently at the lower end of a strong consolidation zone, 1H candlestick body support )

🛑Stop loss: 0.0762 (Reason: Break below the start of the 4-hour bullish candle and ATR key support )

🚀Target 1: 0.0831 (Reason: Previous high resistance, also the 1H Fibonacci 0.618 extension level )

🚀Target 2: 0.0860 (Reason: Previous wave high on the 4H level and psychological barrier )

🛡️Trade management:

- Position suggestion: Light position (Reason: Up more than 19% intraday, volatility is extremely high, avoid profit-taking reversal )

- Execution strategy: After the price reaches 0.0831, reduce position by 50% and move the stop loss to the entry price of 0.0805. For the remaining position, aim for the second target; if the price pulls back and breaks below the moving stop loss, exit decisively.

Deep logic: Market depth shows buy orders concentrated between 0.0801-0.0802, while sell pressure begins to accumulate from 0.0804 but is not heavy, indicating a micro-structure for an upward breakout. The 1H RSI (64.68) is in a healthy, slightly strong zone, not overbought. The key point is that during sideways consolidation, open interest remains stable and has not significantly flowed out despite the large rally, indicating that the main funds have not exited, and support is clearly intended, preparing for another upward surge.

View real-time market 👇 $ESP

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