$ENSO 08:00 Sudden increase in volume and a surge; generally bullish but cautiously—don’t chase the price higher. In the first 15 minutes, trading was mostly in the tens of thousands of U; at 08:00, a single bar was about 2.2 million U (more than 20x), peaking around 1.071 before falling back to about 1.05. Over the past 12 hours, positions were about -5.4%, and the contract daily notional was about 29.5 million U. This looks more like short-covering driving a brief short squeeze rather than a clean accumulation of new longs.
Path: account longs are about 40% versus large-holder longs of about 73%; the structure remains a divergent market. Volume expansion can continue, but the decline in open interest suggests that chasing with leverage may not mean additional buildup—blindly chasing higher risks getting caught by a short-squeeze unwinding. The core conflict is volume-driven short squeeze versus the drop in open interest.
Next step: mildly bullish but stay cautious and don’t chase. First, watch whether 1.02—1.03 can be held. Only if it regains and stabilizes above 1.06—1.08 should we discuss further extension. If an hour’s close falls below 0.995, the pullback and digestion are likely to take the upper hand. $ENSO #ENSOUSDT #短线 #合约
Path: account longs are about 40% versus large-holder longs of about 73%; the structure remains a divergent market. Volume expansion can continue, but the decline in open interest suggests that chasing with leverage may not mean additional buildup—blindly chasing higher risks getting caught by a short-squeeze unwinding. The core conflict is volume-driven short squeeze versus the drop in open interest.
Next step: mildly bullish but stay cautious and don’t chase. First, watch whether 1.02—1.03 can be held. Only if it regains and stabilizes above 1.06—1.08 should we discuss further extension. If an hour’s close falls below 0.995, the pullback and digestion are likely to take the upper hand. $ENSO #ENSOUSDT #短线 #合约
