$ENJ/USDT 12h (Binance Futures) Descending trendline breakout
Updated
EnjinCoin broke-out bullish and is retesting the TL, it may pull-back to 50MA before bouncing again.
Current Price= 1.27.04
Buy Entry = 1.2406 - 1.1686
Take Profit= 1.4582 | 1.7380 | 2.1732
Stop Loss= 0.9924
Risk/Reward= 1:1.25 | 1:2.51 | 1:4.56
Expected Profit= +21.05% | +44.28% | +80.41%
Possible Loss= -17.62%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Current Price= 1.27.04
Buy Entry = 1.2406 - 1.1686
Take Profit= 1.4582 | 1.7380 | 2.1732
Stop Loss= 0.9924
Risk/Reward= 1:1.25 | 1:2.51 | 1:4.56
Expected Profit= +21.05% | +44.28% | +80.41%
Possible Loss= -17.62%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1.5 months
Trade active
All entries filledEnjin Coin dipped down as expected and seems to be bouncing back, let's wait and see!
Trade closed: target reached
TP1 reached with +21.05% 81x) and +1.2REnjin Coin went for a last 50MA retest then pumped stronger this time regaining 100EMA.
Trade closed manually
PC bot closed remaining position with -2.99% (1x)EnjinCoin lost 50MA support and original SL would have been hit yesterday.
We are still holding some in Spot for mid-term since this is a promising NonFungibleToken (NFT) project!
Trade closed: target reached
TP3 would have been reached with +80.41% (1x) and +4.56REnjin Coin made it to last target after all, if you held manually as suggested or re-entered, now would a good time to take profit!
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