ENJ/BTC has one of my favorite setups here.
Retraced the bubble pump from the Samsung hype news fully.
Momentum is shifting, selling exhaustion is becoming apparent.
Fundamentally solid project as well.
Agressive entries in this 870-800 area (smaller position size, with stop loss below 700).
Conservative/safer entry on a breakout above the falling wedge pattern (in that case, stop loss would be below 800).
My max risk for alts is 2% of trading capital (if stop gets hit, I lose 2%).
Retraced the bubble pump from the Samsung hype news fully.
Momentum is shifting, selling exhaustion is becoming apparent.
Fundamentally solid project as well.
Agressive entries in this 870-800 area (smaller position size, with stop loss below 700).
Conservative/safer entry on a breakout above the falling wedge pattern (in that case, stop loss would be below 800).
My max risk for alts is 2% of trading capital (if stop gets hit, I lose 2%).
Trade active
We have a breakout.Raise the stop loss to just below 800 from here onwards.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.