【$ENJ Signal】1H level pullback confirmation, bullish momentum awaiting release

$ENJ Around 0.0607 near the upper band of the 4H Bollinger Bands shows selling pressure, 1H MACD histogram narrows, bullish momentum temporarily slows down.
Market depth indicates buy support remains solid, funding rate -0.3063% provides potential fuel for short squeeze.

Price consolidates around 0.0589, 1H EMA20 at 0.0524 forms the first line of defense below.
4H EMA50 has significantly risen to 0.0360, strengthening the medium-term trend structure.
Current volume has decreased compared to previous large-volume candles, indicating healthy turnover.

🎯Direction: Pullback to go long

⚡Entry: Between 0.04509 and 0.05860, enter gradually when price pulls back near or below 1H EMA20 at 0.0524.

🛑Stop loss: 0.03582

🚀Target 1: 0.06363

🚀Target 2: 0.07290

🛡️Trade management:
- Execution strategy: After price reaches 0.06363, reduce position by half, move remaining stop loss up to entry price.
If price fails to hold above 0.0586 and turns downward, consider exiting early.

1H RSI has fallen from high levels to around 65, easing overbought sentiment.
4H MACD has a bullish crossover with fast and slow lines opening upward, trend unchanged.
Position volume remains stable, no signs of large-scale fund outflow.
In a negative funding rate environment, short positions face ongoing cost pressure, laying the groundwork for future upward movement.
Current risk-reward ratio is close to 1:2, risk is manageable.

View real-time market 👇 $ENJ
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#WCTC交易赛瓜分800万USDT #Gate13周年 #加密市场回升