【$ENJ Signal】Short squeeze pullback, 1H level recharging for another attack

$ENJ 4H Bollinger upper band pierced at 0.0611 then pulled back, 1H level repeatedly tests in the 0.058-0.061 range. MACD 4-hour histogram still expanding, but 1-hour momentum contracting, indicating short-term consolidation. Market depth shows buy orders are 91% thicker than sell orders, with clear capital support intentions. Under a negative fee rate environment of -0.1843%, short positions continue to face cost pressure.
Price fluctuates below 0.0603, waiting for a confirmed effective pullback. This position offers a good risk-reward ratio, worth setting up ambush.
⚡Entry/Order: within the 0.0452 - 0.0603 range, current price near 0.0603 can enter directly, or wait for a pullback to around 0.0580 to add in batches.
🛑Stop loss: 0.0358
🚀Target 1: 0.0639
🚀Target 2: 0.0733
🛡️Trade management:
- Execution strategy: after reaching Target 1, reduce position by 50%, and move stop loss to break-even. If price falls back into the entry zone, exit automatically to protect capital.
1-hour EMA20 and EMA50 form a bullish alignment, with price trading above them. After volume expansion and subsequent consolidation on the 4-hour bullish candle, it indicates healthy turnover. Position volume remains stable, no significant decrease in open interest caused by profit-taking, indicating main funds are still in the market. Such sideways movement under a negative fee environment often prepares for the next pulse.
Check real-time market 👇 $ENJ
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