【$ENJ Signal】Short squeeze pullback, second attempt to push higher

$ENJ 4H level: a single huge bullish candle directly pierces through the upper band, and the price is already far away from the EMA20. The 1H level RSI surges to 83.6. There’s a gap in the buy-side, but the funding rate is -0.56%, and the shorts are still paying high costs. Sell/buy wall orders around 0.0265 are extremely thick, fully exposing the intention to provide capital backing.

🎯Direction: Pull back to go long

⚡Entry/Order: 0.0216 - 0.0222

🛑Stop Loss: 0.0209

🚀Target 1: 0.0273

🚀Target 2: 0.0299

🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce the position by 50%, and move the stop loss up to breakeven. If the price drops back to the entry zone, automatically exit to protect the principal.

Negative funding rate stacked with stable position size indicates a typical short squeeze structure. The 1H MACD fast and slow lines are still diverging upward, and momentum has not yet faded. Chasing higher prices at the current moment is too risky, and the risk-reward ratio is out of balance. Be patient and wait for the price to pull back to the 1H EMA20 and the prior breakout level—this is the area where funds are actively taking in orders. The 4H Bollinger Bands are opening significantly, volatility is expanding, and a pullback is an opportunity.

Check the real-time market 👇 $ENJ
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