$ENJ

You're looking at the ENJ/USDT perpetual futures chart on Binance with a 1-hour timeframe. Here’s a breakdown and a trade plan suggestion based on 1 hour chart:

Technical Overview:

Current Price: $0.10941

24h Change: +65.57% — very strong recent momentum.

Indicators:

RSI (6): 87.71 — extremely overbought.

MACD: Positive crossover with increasing divergence — bullish.

Moving Averages: Price is well above the MA(7), MA(25), and MA(99) — strong uptrend.

Volume: Spiked significantly — indicating strong interest and participation.

Trade Plan Options:

Scenario A: Momentum Trade (High Risk/High Reward)

Entry: Wait for a slight dip or minor consolidation around $0.105–$0.107.

Target 1: $0.115 (recent high)

Target 2: $0.12–$0.125 (psychological resistance if breakout continues)

Stop-Loss: $0.099 (below MA(7) and recent support)

Why: Trend is strong, volume is high, and MACD is bullish, but RSI indicates a possible short-term pullback.

Scenario B: Pullback Buy (Safer Entry)

Entry Zone: $0.095–$0.098 (MA(7) and prior consolidation zone)

Target: $0.109 then trail up.

Stop-Loss: $0.089

Why: This entry gives you a better reward-to-risk ratio if price cools down a bit.

Scenario C: Short-Term Short (Very Risky)

Entry: Around $0.113 (if price retests the high and stalls)

Target: $0.102–$0.105

Stop-Loss: $0.116

Why: RSI overbought + potential double top. But momentum is very strong, so only consider this with tight risk control.