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【$ENJ Signal】Pullback to go long, capital support is clearly intended
$ENJ 1H level surge and fall back, after the 4H Bollinger Bands widen significantly, the price pulls back to the upper band.
Order book wall is extremely thick, with over 500k USDT worth of buy orders stacked from 0.0403 to 0.0404, fully exposing the capital support intention.
The 1H RSI quickly drops from overbought to 61, MACD red bars begin to shrink, and selling pressure is rapidly absorbed.
🎯Direction: Pullback to buy
⚡Entry/Order: 0.04024
🛑Stop Loss: 0.02667
🚀Target 1: 0.04049
🚀Target 2: 0.04065
🛡️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, automatically exit to protect the principal.
After the 4H MACD forms a golden cross, volume continues to increase, position remains stable, and the price remains resilient in a negative fee rate environment, with a possibility of short squeeze.
The current risk-reward ratio is not perfect, but the support below is solid enough, and intraday volatility is increasing. Under this structure, a pullback is an opportunity.
Check real-time market 👇 $ENJ
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