【$ENJ Signal】Pullback Confirmation After Short Squeeze Rally
$ENJ On the 4H timeframe, massive volume pushed through the long-term downtrend line (phenomenon), with turnover reaching record levels, but OI did not surge proportionally, indicating that major players are primarily driving spot purchasing with limited futures follow-through (capital verification). Current price is retracing on lower volume back to the breakout level and near EMA20, with selling pressure exhausted, representing healthy profit-taking and consolidation (conclusion).
🎯Direction: Long
⚡Entry: 0.0225 - 0.0230
🛑Stop Loss: 0.02146
🚀Targets: 0.02564 / 0.02703
🛡️Strategy: Reduce position by half at target 1, move remaining position to breakeven, aiming for higher levels.
【$ENJ Signal】Pullback Confirmation After Short Squeeze Rally
$ENJ On the 4H timeframe, massive volume pushed through the long-term downtrend line (phenomenon), with turnover reaching record levels, but OI did not surge proportionally, indicating that major players are primarily driving spot purchasing with limited futures follow-through (capital verification). Current price is retracing on lower volume back to the breakout level and near EMA20, with selling pressure exhausted, representing healthy profit-taking and consolidation (conclusion).
🎯Direction: Long
⚡Entry: 0.0225 - 0.0230
🛑Stop Loss: 0.02146
🚀Targets: 0.02564 / 0.02703
🛡️Strategy: Reduce position by half at target 1, move remaining position to breakeven, aiming for higher levels.
View Real-Time Charts 👇 $ENJ
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