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【$ENJ Signal】Pullback confirmation, right-side sniper
$ENJ After a massive surge on the 1H timeframe with decreasing volume, the price pulls back, staying firmly above the upper band of the 4H Bollinger Bands, with the capital support clearly exposed. RSI has fallen from a high of 82 to 68, quickly digesting the buy-side gap, and market depth shows thick orders around 0.0433 below.
🎯Direction: Long
⚡Entry/Order: 0.0433
🛑Stop loss: 0.0268
🚀Target 1: 0.0435
🚀Target 2: 0.0437
🛡️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 to the entry point, automatically exit to protect capital.
This downward move is definitely a trap for the bulls. Position volume remains stable, and in a negative fee environment, the price refuses to fall sharply, with short squeeze risks accumulating. The 1H MACD fast and slow lines are opening upward, indicating momentum is not exhausted. Combined with the recent breakout of the long-term moving average cluster on the 4H timeframe, the continuation of the bullish trend is more important than a simple correction. The risk-reward ratio is not perfect at this point, but momentum trading focuses on capturing the initial inertia.
Check real-time market 👇 $ENJ
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