【$ENJ Signal】Short squeeze pullback, sniper for a second push higher

$ENJ 1H timeframe surges then pulls back, RSI drops from 85 high to 71.8, buying pressure shows signs of break.
4H Bollinger upper band at 0.0951 faces resistance, MACD red bars shrink, bullish momentum slows.
Negative rate -0.0177% combined with stable open interest, shorts are trapped but not exiting, price stubbornly around 0.092.

Price directly longs near 0.0919, the last defense line for bulls.

🛑Stop loss must be placed below 0.04587.

🚀First target is 0.09674, the previous high resistance level.

🚀Second target is 0.11369, corresponding to the expansion point of the 4H Bollinger upper band.

🛡️Trade management:
- Execution strategy: Take half profit at 0.09674, move stop loss on remaining position to entry price.
- If price cannot hold above 0.0919, it indicates failure to sustain, exit immediately.

Order book depth shows buy imbalance at 6.89%, with thick bids below, clear intention of capital support.
1H EMA20 at 0.0808 forms dynamic support, current price tests this zone’s upper boundary on pullback.
In this negative rate environment, the stubbornness of price often fuels the next short squeeze, risk-reward ratio is worth a try at this position.

Check real-time quotes 👇 $ENJ
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