【$ENJ Signal】Pullback to go long, 1H level charging up for launch

$ENJ The 1H level price is oscillating narrowly between EMA20 and EMA50, with the middle band of the 4H Bollinger Bands at 0.0658 forming the first resistance above. The current price of 0.0638 just falls within the suggested entry zone of 0.0629-0.0635, which is the upper boundary, and this position has absorbed the volume surge from the previous 4-hour candle. Although the 1-hour MACD fast and slow lines are above the zero axis, the histogram is beginning to contract, indicating short-term momentum is slowing down, providing technical support for a pullback. The order book depth imbalance is only 0.55%, with both bulls and bears temporarily balanced.

A pullback near 0.0629 can be entered directly, with a stop-loss below 0.0559. The first target is set at 0.0769, and the second target near the 4H Bollinger Band upper band at 0.0839.

The funding rate of -0.6698% clearly indicates a short squeeze structure, with extremely high costs for short positions, fueling a potential rebound. The 1-hour trading volume significantly shrinks during price retracement, quickly digesting selling pressure. The 4-hour MACD negative histogram continues to narrow, showing signs of exhausted bearish momentum. Open interest remains stable, indicating funds are not exiting but waiting for a new direction. The risk-reward ratio is close to 1.8, making this position worth a try.

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