【$ENA Signal】1H Oversold Rebound Play, Short Squeeze Opportunity Under Negative Funding Rates

$ENA The 1H timeframe just completed a sharp decline, RSI dropped to 33.74 entering oversold territory, and the current price around 0.1079 has found initial support. The 4H timeframe remains in a downtrend, but the latest 4H candle shows a long lower shadow, indicating strong buying around 0.1065. The key point is: negative funding rate (-0.0146%) + stable OI, which is not main force distribution but more like a liquidation after long positions are wiped out. The 1H rebound is imminent.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1075 - 0.1080 (Reason: 1H support zone, dense buy orders on the order book )

🛑Stop Loss: 0.1063 (Reason: Break below recent 4H low of 0.1065 and the lower boundary of dense trading zone )

🚀Target 1: 0.1105 (Reason: 1H EMA20 resistance and previous small platform )

🚀Target 2: 0.1125 (Reason: 4H EMA20 resistance and previous high area )

🛡️Trade Management:

- Position Size: Light (Reason: 4H trend still bearish, this is a counter-trend rebound play with higher risk )

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price 0.1075. Hold remaining position for Target 2, and if price stalls around 0.1105, exit completely.

Deep Logic: Market logic indicates “price decline combined with open interest analysis,” current OI is stable, price drops but does not trigger a collapse in open interest, indicating it’s not a major force panic exit. The RSI on 1H has turned up from lows, suggesting technical correction needed. Order book depth shows selling pressure above 0.1080 (0.1081-0.1085) is relatively concentrated but with low volume, and a breakout could trigger short covering. This is a typical “negative funding rate + price rigidity” potential short squeeze scenario, with a risk-reward ratio >1.5, suitable for a small position.

View real-time market 👇 $ENA

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