【$ENJ Signal】Short squeeze rebound, left-side accumulation

$ENJ 1H level surge and pullback, 4H Bollinger Bands fully expanded, price above upper band. RSI soared to 81.66, severely overbought. But funding rate is -0.118%, open interest remains stable, and bears are still paying high fees. Sell orders are stacked above 0.0433, buy orders are actively supporting around 0.0431. Under this negative funding rate environment, the price staying firm often indicates a buildup before a short squeeze.

🎯Direction: Pullback to go long

⚡Entry/Order: Hidden around the lower boundary of 0.03106 - 0.04299 range

🛑Stop loss: 0.02677

🚀Target 1: 0.04321

🚀Target 2: 0.04338

🛡️Trade management: - Execute strategy: reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into entry zone, automatically exit to protect capital.

4H MACD shows a bullish crossover, momentum is still there. 1H volume surged then pulled back, indicating healthy turnover. Current risk-reward ratio isn't perfect, but the negative funding environment provides a safety cushion, and short covering could drive the next wave. The key is whether the price can hold around 0.042 to digest short-term profit-taking.

Check real-time market 👇 $ENJ
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