$ENJ Signal: Pullback continuation of short squeeze and shorting battle

$ENJ 1H RSI skyrocketed to 85.54, 4H Bollinger upper band at 0.0729 has been pierced. Funding rate -0.2317%, bears are bleeding, short squeeze logic remains unchanged. Buying ratio 0.49, high turnover at the top. Current price 0.078 has moved away from the range, waiting for a pullback.
🎯Direction: Long (buy on pullback)
⚡Order: Enter around 0.07200, ambush within the range.
🛑Stop loss: 0.05930 — breaking this indicates structural failure.
🚀Target 1: 0.07288, flatten profit and loss.
🚀Target 2: 0.07740, test previous high again.
🛡️Trade management: - Execute strategy: reduce 50% of position at Target 1, move stop loss to break even. If pullback does not break 0.072, hold remaining position and watch for Target 2.
Depth logic: 1H MACD bars are still expanding, but price and RSI show slight divergence, indicating a pullback is objectively needed. Under negative funding rates, short squeezes often drop sharply after overbought conditions and then rally again. Around 0.072 is the resonance zone of the 4H middle Bollinger band and EMA50, with strong willingness to buy. Risk-reward ratio is acceptable, stop loss is clear.
Check real-time market 👇 $ENJ
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