【$ENJ Signal】Short squeeze pullback, sniper on the right side

$ENJ 1H timeframe pullback with decreasing volume at the EMA20 level. A funding rate of -0.33% shows deep negative value, exposing pressure from short positions’ holding costs. The 4H Bollinger Bands are fully open; price is above the upper band, and the MACD histogram is still expanding. The sell orders are clearly stacked above 0.0276, but the buy orders continue propping up around 0.0274. This kind of deep order-book imbalance often builds up to an upward liquidity squeeze.

🎯 Direction: Long

⚡ Entry: Go in directly at around the current price 0.02753, or place a buy limit at 0.02740 to wick/needle.

🛑 Stop Loss: 0.02619 (below the low of the previous 1H candle body)

🚀 Target 1: 0.02856 (previous high)

🚀 Target 2: 0.03032

🛡️ Trade Management:
- Execution Strategy: After the price touches 0.02856, reduce position size by 50% and move the stop loss up to the entry price. Hold the remaining position aiming for higher targets. If the price pulls back and falls below 0.02740, exit all positions.

Open interest stays stable at a high of 430 million USD. In a negative funding rate environment, the price has not collapsed—this is a typical pre-short-squeeze setup. Although the 1H RSI is high, it is not diverging, indicating momentum is still there. The risk-reward ratio is close to 4:1; the risk and reward for this trade is highly attractive. The key is to strictly defend the downside sell-pressure zone.

View real-time market 👇 $ENJ
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