【$ENJ Signal】Pullback then go long; clear support from 1H-level funds

$ENJ 1H-level rebound and pullback: price meets resistance near the upper Bollinger Band. The 4H MACD fast and slow lines open upward, but the 1H histogram starts to contract, and momentum slows down. Order book depth shows sell orders exceed buy orders by 13.74%, so short-term selling pressure needs to be absorbed.

After the price retraces into the 0.04739 to 0.06494 range, you can consider going long in batches.

🛑Stop loss must be placed below 0.03711.

🚀First target: 0.06796.

🚀Second target: 0.07824.

🛡️Trading management:
- Execution strategy: After reaching the first target, reduce the position by 50%, and move the stop loss up to breakeven. If the price falls back to the entry level, you will exit automatically to protect the principal.

Negative funding rates suggest that short positions have a higher cost, and there is a possibility of a short squeeze. The 1-hour candlestick repeatedly tests above the EMA20 moving average, while buy-the-dip support below remains active. The current risk-reward ratio is acceptable; the key is to patiently wait for the right entry point and avoid chasing at short-term emotional highs.

Check the real-time market 👇 $ENJ
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