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【$ENJ Signal】Pullback to go long, capital support clearly intended
$ENJ 1H level buy order depth is imbalanced, with a thick order wall around 0.0284 below, selling pressure quickly absorbed. The 4H MACD histogram is shrinking, but the fast and slow lines remain above zero, indicating the bullish trend is intact. The 1H price has fallen below the middle band of the Bollinger Bands, RSI at 54.4, short-term overbought pressure easing.
🎯Direction: Long
⚡Entry/Order: Enter in batches between 0.0275 - 0.0282
🛑Stop loss: 0.0250
🚀Target 1: 0.0408
🚀Target 2: 0.0471
🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital.
Order book data shows buy walls are much thicker than sell walls, indicating strong capital support. Position volume is stable, negative funding rates persist, with shorts paying costs, and short squeeze risk accumulating. The 1H EMA20 at 0.0283 is testing the current price pullback; if it holds, it forms multi-timeframe resonance support. Under this depth structure, the risk-reward ratio exceeds 3.8, making it worth a try.
Check real-time market 👇 $ENJ
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