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【$ENJ Signal】Multiple pullbacks, 1H level funds clearly support the bottom
$ENJ 4H level price broke above the Bollinger upper band and then pulled back, with thick buy orders around 0.0378 on the 1H level, fully exposing the support intent of funds. Although the MACD double lines have a golden cross and are converging, the fast and slow lines are still above the zero axis, and the bullish structure remains intact.
The price repeatedly tests around 0.0379, with dense orders below in the 0.0378 to 0.0375 range, quickly absorbing selling pressure.
🎯Direction: Pullback to go long
⚡Entry: Enter directly around 0.03779
🛑Stop loss: 0.02706
🚀Target 1: 0.03996
🚀Target 2: 0.04426
🛡️Trade management:
- Execution strategy: Reduce half of the position after the price hits 0.03996, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.0385 and falls below 0.0375 again, consider exiting early.
Order book depth shows buy orders are stacked, with sufficient support below 0.0378. The 1-hour RSI has fallen back from overbought to 56, providing room for another upward move. Open interest remains stable, and the negative funding rate eases long position pressure. In this environment, the price is holding firm, and bears are passive. The risk-reward ratio isn't perfect, but hot coins have a short lifecycle; the key is to catch the moment when momentum restarts.
Check real-time market 👇 $ENJ
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