【$ENA Signal】1H oversold rebound trading, strong support in the order book, opportunity for trap shorting

$ENA The 1H timeframe is oscillating narrowly between 0.0940-0.0960, with the price touching recent lows. However, the 4H RSI has fallen to 30.12 into the oversold zone, and the 1H RSI at 41.13 shows signs of bullish divergence. Market data indicates that buy orders are unusually thick in the 0.0940-0.0950 range (total pending orders exceeding 20 million), while sell orders above 0.0960 are relatively sparse, indicating an imbalance (4.91%). Open interest remains stable; the price has declined but hasn't triggered a collapse in positions, suggesting that the decline may be due to passive stop-losses by longs rather than major selling by large players. The 1H timeframe is brewing a rebound towards the EMA20 (0.0966).

🎯Direction: Long (Long)

🎯Entry/Order: 0.0955 - 0.0958 (Reason: Current price is close to strong support, with dense buy orders in the order book, playing the first rebound move)

🛑Stop-loss: 0.0940 (Reason: Falling below recent 1H lows and the lower boundary of dense buy zones invalidates the rebound logic)

🚀Target 1: 0.0975 (Reason: Previous small resistance level on the 4H timeframe, also near the 1H EMA50)

🚀Target 2: 0.0990 (Reason: 4H EMA20 resistance and previous rebound high)

🛡Trade Management:

- Position size suggestion: Light (Reason: The overall daily trend is still downward; this is a counter-trend rebound, which carries higher risk)

- Execution strategy: After reaching 0.0975, reduce position by 50% to lock in some profits, and move the remaining stop-loss up to the entry price of 0.0958. If the price cannot break through 0.0966 (1H EMA20), consider closing early.

Depth logic: The current market logic indicates “price decline combined with position volume analysis,” and since open interest is stable, the downward momentum may be weakening. Funding rate is slightly positive (0.0034%), with no strong long squeeze risk. The latest 1H candle shows buy orders accounting for 59%, indicating active buying. This is a typical short-term rebound scenario with “oversold zone + deep support + funds not leaving,” with a risk-reward ratio of about 1.5, suitable for a small position.

View real-time market 👇 $ENA

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