【$ESP Signal】Long + 1H Breakout and Retest Confirmation

$ESP The 1H timeframe is consolidating strongly above the EMA20, just closed with a bullish candle, confirming the breakout above the 0.134-0.135 range is valid. The 4H timeframe is in an upward channel, with the price holding above EMA20. Although the previous candle has an upper shadow, the overall momentum has not weakened. In a negative funding rate environment, open interest remains stable, prices are holding firm, and there is potential for a short squeeze.

🎯Direction: Long (Long)

⚡Entry/Order: 0.13494 - 0.13562

🛑Stop Loss: 0.1285

🚀Target 1: 0.1420

🚀Target 2: 0.1465

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Trailing the remaining position’s stop loss to the 1H EMA20 (dynamic tracking) to seek greater gains.

(Depth Logic: 1H RSI is at 60.44, in a healthy upward zone, not overbought. Market depth shows sell orders accumulating at 0.1357-0.1358, but buy support below 0.1355 is dense. Depth imbalance is -7.75%, indicating slightly more selling pressure but strong support below. The 4H buy/sell ratio remains around 0.5, indicating a balanced market, which is healthy for a breakout. Coupled with negative funding rates, short positions have higher costs, favoring longs. )

View real-time quotes 👇 $ESP

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