【$ENJ Signal】Deep correction with multiple entries, RSI overbought + negative funding rate indicates a shakeout

$ENJ 1H RSI surges to 85.54, funding rate -0.23%, bears are paying to short, Bollinger Band upper band at 0.0729 has been broken, buy order depth of 0.73 shows selling pressure.
Current price 0.07803 is above the suggested entry zone upper limit of 0.07764, chasing longs offers a poor risk-reward ratio.
Wait for a pullback near 0.06383 to place a Buy Limit, stop loss at 0.05930, first target 0.07288, second target 0.07740.
Within this range, EMA20 support is clear, bullish buyers will be more willing to step in.
Reduce to half position at the first target, move the remaining stop loss to 0.06383 to break even.
Extreme negative funding rates often accompany rapid corrections, but the 4H MACD bullish bars are still expanding, so the pullback is a shakeout, not a reversal.
Control position size at 30%, avoid missing out but do not over-leverage.
🎯Direction: Long (place order and wait)
⚡Entry: 0.06383
🛑Stop Loss: 0.05930
🚀Target 1: 0.07288
🚀Target 2: 0.07740
🛡️Trade management: Close 50% at Target 1, move the rest stop loss up to 0.06383; if the order is not triggered, cancel it, do not chase the rally.
Check real-time market 👇 $ENJ
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