【$ENJ Signal】Short squeeze pullback, sniper second push

$ENJ 1H timeframe shows a major volatility at high levels, 4H Bollinger Bands are fully expanded, price surged above the upper band then pulled back. RSI soared to 87, indicating a buying gap, but negative funding rate of -0.347% combined with stable open interest suggests the bearish pressure is still present.

🎯Direction: Pullback to go long

⚡Entry/Order: 0.0233 - 0.0239 zone, staggered entries

🛑Stop Loss: 0.0219

🚀Target 1: 0.0318

🚀Target 2: 0.0358

🛡️Trade Management:
- Execution strategy: Reduce position by 50% after reaching Target 1, and move stop loss to break-even. If price falls back into the entry zone, exit automatically to protect capital.

4-hour volume exploded, with a single bullish candle engulfing several days of volatility, a typical sign of capital-driven movement. The 1-hour MACD histogram begins to contract, indicating short-term profit-taking. The order book shows heavy orders below 0.027, revealing a strong support intent. In this negative funding rate environment, the price holding firm often signals that the short squeeze is not over yet. Pulling back to the EMA20 is an ideal second entry point. Risk-reward ratio of 4:1 makes it worthwhile to bet on trend continuation with limited risk.

Check real-time market 👇 $ENJ
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