【$ENJ Signal】Short squeeze pullback, secondary upward attack

$ENJ After a violent surge on the 1H timeframe, the price has broken out of the upper Bollinger Band, and RSI has soared to 92. The 4H open interest remains stable, but the funding rate has been hammered down to -0.41%, indicating clear signs of short positions being trapped. Buying orders are accumulating around 0.035, but selling pressure above 0.0351 is gradually increasing. In the short term, a healthy pullback is needed to digest profit-taking.

🎯Direction: Pullback to go long

⚡Entry/Order: 0.0256 - 0.0263

🛑Stop Loss: 0.0233

🚀Target 1: 0.0381

🚀Target 2: 0.0441

🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.

The negative funding rate combined with strong sideways price action forms a typical short squeeze structure. The 1-hour MACD fast and slow lines are opening upward, and momentum is still expanding. Market depth shows heavy order accumulation below 0.035, with clear intent of capital support. In this extreme negative funding rate environment, short covering will generate additional upward pressure. Pulling back to the EMA20 area is an ideal ambush point. The risk-reward ratio exceeds 4, making it worth a try.

View real-time market 👇 $ENJ
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