【$ENJ Signal】Waiting for a pullback, low-level accumulation to go long

$ENJ After a violent surge on the 1H timeframe, RSI soared to 78.6, and the upper band of the 4H Bollinger Bands was directly broken through. Buying depth is imbalanced at 2.19%, but active sell orders are beginning to emerge. MACD on both cycles is expanding, but on the 1-hour level, volume and price show slight divergence, with the price reaching new highs while the proportion of buy orders has not kept pace.

The risk of chasing high at this position is sharply increasing; wait for a decent pullback. Place an order around 0.04759 to go long, near the 4H EMA50 and the previous dense chip zone.

⚡Entry/Order: 0.04759

🛑Stop loss: 0.03721

🚀Target 1: 0.06836

🚀Target 2: 0.07874

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

The 4-hour chart's EMA20 has already significantly crossed above EMA50, indicating a forced reversal of the medium-term trend structure. The current price is far from the moving averages, showing a strong technical pullback demand. The order book indicates selling pressure starting to accumulate above, but the orders in the 0.047-0.049 zone below are very thick, serving as a defensive position preset by funds. This kind of movement makes the risk-reward ratio more reasonable when entering after a pullback.

Check real-time market 👇 $ENJ
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