【$ENJ Signal】Short squeeze retracement, ambush on the left side

$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 -0.118%, open interest stable, bears still paying high fees. Sell orders pile up above 0.0433, buy orders actively support around 0.0431. Under this negative rate environment, the price remains firm, often a prelude to a short squeeze.

🎯Direction: Pullback to go long

⚡Entry/Order: Hidden near 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: after reaching Target 1, reduce position by 50%, and move stop loss to break-even. If price falls back into entry zone, exit automatically to protect capital.

4H MACD shows a bullish crossover, momentum remains. 1H volume spikes then pulls back, indicating healthy turnover. Current risk-reward ratio is not perfect, but the negative rate environment provides a 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.

View real-time quotes 👇 $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