ENSUSDT
OI ENS is heating up with a 5.5% rise amid negative funding. This is an early signal of short positions accumulating and being ready to get squeezed.
Bias:
Bullish in the short term.
Trade Plan
Entry: 4.491
SL: 4.380
TP: 4.650
Market Evidence:
• Open Interest increased significantly (+5.5%), indicating aggressive market participation.
• The funding rate being negative shows dominance of short positions that are vulnerable to a squeeze.
Risk:
• Trading volume is still very low (0.08x the average), so the breakout lacks confirmation.
Watch:
Monitor a volume spike to confirm price movement above the entry level.
#RADAR
#Crypto
#ENSUSDT
#ShortSqueeze
#OpenInterest
OI ENS is heating up with a 5.5% rise amid negative funding. This is an early signal of short positions accumulating and being ready to get squeezed.
Bias:
Bullish in the short term.
Trade Plan
Entry: 4.491
SL: 4.380
TP: 4.650
Market Evidence:
• Open Interest increased significantly (+5.5%), indicating aggressive market participation.
• The funding rate being negative shows dominance of short positions that are vulnerable to a squeeze.
Risk:
• Trading volume is still very low (0.08x the average), so the breakout lacks confirmation.
Watch:
Monitor a volume spike to confirm price movement above the entry level.
#RADAR
#Crypto
#ENSUSDT
#ShortSqueeze
#OpenInterest