【$ESP Signal】Long! 1H strong breakout, negative fee rate short squeeze underway

$ESP The 1H timeframe just broke above the previous high of 0.0795 with increased volume and firmly held above the EMA20, forming a clear momentum breakout pattern. The 4H chart also closed with a large bullish candle, confirming a reversal of the short-term downtrend. Currently, the negative fee rate is as high as -0.2246%, and with the price holding steady and open interest stable, a typical short squeeze signal has appeared, indicating strong institutional support.

🎯 Direction: Long (Long)

🎯 Entry/Order: 0.0845 - 0.0850 ( Reason: Pullback after breakout confirms the area, 1H EMA20 dynamic support )

🛑 Stop Loss: 0.0810 ( Reason: Break below the 1H breakout candle low and ATR lower band support )

🚀 Target 1: 0.0895 ( Reason: Previous high resistance, corresponding to the February 18 high )

🚀 Target 2: 0.0940 ( Reason: Based on recent volatility Fibonacci extension of 1.618 )

🛡 Trading Management:

- Position size suggestion: Standard position ( Reason: 1H/4H resonance breakout, high signal quality )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks above 0.0895, move the remaining stop loss to break even and hold for greater gains.

Deep logic: In the past 4 hours, the price surged over 14%, with significantly increased volume and active buying (buy_sell_ratio reaching 0.55). Although the 1H RSI approaches 70, this is not an overbought signal during a strong breakout phase. Order book data shows sell orders (asks) stacking above 0.0850, but buy depth (bids) is also substantial, indicating fierce battle between bulls and bears. In a negative fee rate environment, short positions have high holding costs, and any price rally could trigger chain stop-losses, pushing the price higher.

View real-time market 👇 $ESP

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