【$ENJ Signal】Pullback to go long, clear intention of capital support at the 1H level

$ENJ After a surge and pullback at the 1H level, current price is 0.0935. The upper band of the 4H Bollinger Bands at 0.0907 has been strongly broken through, but the 1H MACD histogram is beginning to contract, indicating short-term momentum is slowing. Market depth is unbalanced at -3.33%, with slightly thicker sell orders, but the funding rate of -0.0123% provides potential fuel for short covering. Open interest remains stable, with no signs of panic selling.

🎯Direction: Pullback to buy

⚡Entry/Order: Near the lower boundary of the 0.06012 - 0.09310 range

🛑Stop loss: 0.04418

🚀Target 1: 0.09200

🚀Target 2: 0.10795

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move stop loss to breakeven. If the price falls back into the entry zone, automatically exit to protect capital.

RSI on 1H is at 76.94, on 4H it reaches 87.63, indicating severe overbought conditions, but crazy hot coins often last longer. The negative funding rate combined with the price staying above the 1H EMA20 at 0.0786 forms a classic short squeeze structure. Waiting for a healthy pullback, such as testing the 1H middle Bollinger Band at around 0.0767, would make the risk-reward much more comfortable. Chasing high at this position is too risky, but the downside is locked by buy orders, so a proactive pullback is an opportunity.

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