【$ENJ Signal】Pullback to go long, main funds clearly intend to support the price

$ENJ 1H level surge and fall back, current price 0.0305 exactly below the upper band of the 4H Bollinger. Buy orders are very deep, with order volume below 0.0304 far exceeding sell orders, fully exposing the support intention of funds. The 1H MACD shows a death cross but the histogram is shrinking, indicating weakening bearish momentum.

🎯Direction: Long

⚡Entry/Order: Enter in batches within the 0.0285 - 0.0292 range

🛑Stop loss: 0.0260

🚀Target 1: 0.0337

🚀Target 2: 0.0395

🛡️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.

Negative funding rate as high as -0.43%, short position costs are under huge pressure. The 4H volume did not significantly increase during the price decline, indicating rapid absorption of selling pressure. Combined with the support of the 1H EMA20 at 0.0294, this position offers a very favorable risk-reward ratio. The main force’s actions on the left side seem more like a shakeout rather than distribution.

Check real-time market 👇 $ENJ
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