【$ENJ Signal】Pullback to go long / Funds short squeeze

$ENJ 1H timeframe surges then pulls back, 4H Bollinger Bands fully open, price above upper band. RSI spikes to 81.66, overbought seriously. But funding rate -0.118%, short positions have high holding costs, indicating a basis for short squeeze. Sell orders on the order book pile up above 0.0433, buy orders clearly support around 0.0431, depth imbalance -37.77%.

🎯Direction: Pullback to go long

⚡Entry/Order: Batch entries in the 0.03106 - 0.04299 range

🛑Stop loss: 0.02677

🚀Target 1: 0.04321

🚀Target 2: 0.04338

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

The 4H MACD remains in a golden cross and continues expanding, but the 1H MACD histogram starts contracting, momentum slowing. Open interest remains stable, not soaring with price surge, indicating limited chasing of highs. Current risk-reward ratio is not ideal, but in a negative fee environment, if the price can hold sideways at high levels, short covering may trigger a secondary pulse. The key is whether the 1H EMA20 at 0.0357 can be maintained.

Check real-time market 👇 $ENJ
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#Gate上线Pre-IPOs #Gate现货衍生品双双冲进全球前三 #原油小幅上涨