$ENJ
Currently in a phase of a technically driven bull market propelled by short squeezes. Massive breakthroughs (trading volume surged by over 800%), extreme negative funding rates, and over 90% bullish sentiment all point to a strong short-term trend. However, the overbought signal with RSI > 75, extremely optimistic sentiment, and lack of fundamental support significantly accumulate the risk of a pullback.
For short-term traders with a very high risk tolerance, a small position can be taken to bet on a rebound within the support zone of 0.025-0.0255, with strict stop-loss set below 0.0245, aiming for 0.028-0.030; for most investors, it is recommended to wait and see, waiting for a pullback to the support zone of 0.022-0.023 or confirming a breakthrough above 0.028 before making a decision. Remember: at the tail end of a short squeeze, the risk of chasing highs far exceeds the risk of missing out.
