【$ENJ Signal】Pullback to go long, short squeeze structure initially appears

$ENJ 1H level RSI surges to 88, price pushes above the upper Bollinger Band, 4H level also above the upper band, overbought signals are strong. But funding rate is -0.15%, open interest remains stable, shorts are paying high costs. The order book buy depth around 0.0508 is actively thick, exposing the intention of capital support.

🎯Direction: Pullback to go long

⚡Entry/Order: Within the 0.03186 - 0.05097 range, prioritize looking for support around 0.040

🛑Stop loss: 0.02706

🚀Target 1: 0.04146

🚀Target 2: 0.04626

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

This negative fee rate combined with a price support structure is often a precursor to a short squeeze. The 1H MACD fast and slow lines are opening upward, momentum is still expanding, but the 4H has deviated significantly from the moving average. The current risk-reward ratio is not perfect, but in high volatility, the negative funding rate provides a safety margin. The key is patience at the entry point, avoiding chasing at the emotional high.

Check real-time market 👇 $ENJ
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