【$ENJ Signal】High-level consolidation, waiting for a pullback to buy

$ENJ 1H level surge and pullback, RSI cooled from 76.44 at high levels to 56.72, 4H MACD red bars contract but trend remains strong, 1H MACD shows a bearish crossover expanding below. Buying interest is supported around 0.0826, but depth imbalance -0.47% indicates selling pressure is beginning to accumulate above.

Price quickly retraced from 0.0985 to the 0.084 area, which is a key watershed. The 4H Bollinger upper band at 0.0934 forms the first resistance, below which the 0.0826 EMA20 is the short-term battle point between bulls and bears. The current risk-reward ratio is not optimal, better to wait for a clear capital commitment.

🎯Direction: Watch and wait, look for a pullback to buy opportunities

⚡Entry/Order: Hidden around the lower boundary of 0.06212 - 0.08387 range

🛑Stop loss: 0.04557

🚀Target 1: 0.09523

🚀Target 2: 0.11178

🛡️Trade management:
- Execution strategy: If the price touches the lower boundary of the entry zone and a 1-hour bullish engulfing pattern appears, consider scaling into positions. After reaching Target 1, reduce 50% of the position, and move the stop loss of the remaining position up to the entry price. If the price cannot hold above 0.08387, abandon this trade.

After a volume-driven long bullish candle on the 4-hour chart, the market enters consolidation, with stable open interest. The funding rate at -0.0403% provides some safety cushion. On the 1-hour chart, price repeatedly fluctuates near the middle Bollinger band, requiring observation of the funding support around 0.083-0.085. If buying interest re-accumulates here and pushes the price above 0.087, a test of the previous high is possible. Market sentiment has shifted from frenzy to calm, and patience is needed for the structure to develop naturally.

Check real-time quotes 👇 $ENJ
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