【$ENJ Signal】1H resistance encountered, capturing a pullback wave

$ENJ 1H level surging then falling back, RSI cooled from 83.9 high to 63.67, buying momentum waning. The upper band of the 4H Bollinger formed resistance at 0.0944, 1H MACD shows an initial death cross, price repeatedly tests around 0.089. Market depth imbalance of -4.93%, sell orders slightly thicker. Under a negative fee rate environment of -0.03%, the price did not collapse, and bulls still resist.

Price fluctuates below 0.0888, here you can lightly short, with a stop above 0.0915. First target below is around 0.078, second target is 0.069. The risk-reward ratio is acceptable, but beware of the volatility of hot coins.

At the 1H level, the gap between EMA20 and EMA50 widens, short-term moving averages show signs of flattening. Volume shrinks after the surge, indicating weak willingness to chase higher. The 4H MACD red bar shortens but remains above the zero line, the larger cycle trend is not fully broken. Under this structure, it’s more suitable to capture hourly pullback waves rather than trend reversals.

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