【$ENJ Signal】Short squeeze pullback, second upward attack

$ENJ On the 4H timeframe, the price breaks out above the upper Bollinger Band; RSI spikes to 85, and the buy-side order flow shows a gap. On the 1H timeframe, the MACD red histogram bars shrink, and the price pulls back to around the EMA20 at 0.0246. Below, the buy order depth is far greater than the sell order depth, causing a severe imbalance of 23.85%. With a negative funding rate of -0.37% and open interest holding steady, the shorts are being passively absorbed.

🎯Direction: Go long

⚡Entry / Place orders: Lay in the 0.02386 - 0.02448 range

🛑Stop loss: 0.02230

🚀Target 1: 0.03318

🚀Target 2: 0.03754

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce positions by 50%, and move the stop loss up to the breakeven level. If the price drops back to the entry area, automatically exit the trade to protect principal.

The intention to provide capital support is fully exposed, with extremely thick orders placed below 0.027. On the 1H timeframe, trading volume shrinks when price pulls back, and sell pressure is quickly absorbed. On the 4-hour timeframe, the MACD’s two lines diverge upward, meaning trend momentum is still present. Under this structure, the risk-reward ratio exceeds 4 times; it is worth using limited risk to bet on a second push by the main funds.

View real-time market 👇 $ENJ
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