【$ENJ Signal】Pullback confirmation, chase on the right side

$ENJ After a violent surge at the 1H level, the price has broken through the upper band of the 4H Bollinger Bands, RSI soared to 82, and buying pressure clearly shows a gap. The MACD histogram on the 4H level is still expanding, but the 1-hour trading volume has shrunk after the surge, indicating accumulating selling pressure at high levels.
Market depth shows a wall of sell orders stacked above 0.0436, with buy support concentrated around 0.0433, and bulls and bears are fiercely exchanging hands in this area.

The price is pulling back from the high point, testing the support strength of the 1H EMA20. This downward move has limited momentum, more like profit-taking rather than main force fleeing.

🎯Direction: Pullback to go long

⚡Entry/Order placement: Hidden around 0.0433

🛑Stop loss: 0.0268

🚀Target 1: 0.0435

🚀Target 2: 0.0437

🛡️Trade management: - Execute strategy: After the price hits Target 1, reduce half of the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.0433 and drops again, abandon this setup and wait for clearer signals.

Funding rate is significantly negative, indicating high costs for short positions, but open interest remains stable, showing shorts have not given up. The 1-hour MACD fast and slow lines are still above zero, meaning bullish momentum has not fully exhausted. The current risk-reward ratio is not perfect, but the position is key—betting on a secondary surge after EMA20 support holds. The key is whether the 0.0433 level can be quickly reclaimed.

Check real-time market 👇 $ENJ
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#Gate上线Pre-IPOs #Gate现货衍生品双双冲进全球前三 #原油小幅上涨