ENJUSDT: Poised for a Breakout - Entry, Stop-loss, and Target LeENJUSDT is currently in an upward trend and has the potential to experience significant growth if it breaks above this region.
Entry point: $0.6667
Stop-loss: $0.6546
Target: $0.7368
Due to the high risk associated with the market, consider taking profits at $0.6910 and holding the remaining position until the target is reached.
To confirm entry, you can utilize the RSI (Relative Strength Index) indicator. A closing value above 58.18 on the 1-hour timeframe can serve as confirmation.
Market sentiment remains bullish for ENJUSDT, with an 88% positive sentiment.
The Fear & Greed Index stands at 82, indicating "Extreme Greed."
This analysis is for informational purposes only and should not be considered as financial advice. Always conduct your own research before making any trading decisions
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ENJUSDT trade ideas
ENJ/USDT Breakout the Key area, Indicating Bullish Momentum!💎 ENJ has recently encountered significant market dynamics. Currently, ENJ has successfully broken above the supply area.
💎There may be a retesting phase at the demand area, which was previously the supply area, before continuing its upward movement and possibly reaching our target area.
💎 During the retesting phase, it is crucial for ENJ to bounce from the demand area if it wants to sustain its upward movement. However, if ENJ fails to maintain the demand area, there is a possibility of a breakdown below the support area, leading to a return to lower price levels.
💎 At the support area, it is imperative for ENJ to bounce and reclaim the area above the resistance for continued upward movement. Failure to do so could signal a bearish trend for ENJ, potentially leading to further downward movement in price.
ENJ ROADMAPFirst of all, pay attention to the time frame. The time frame is big and time consuming.
Our big triangle starts from where we wrote "start" on the chart.
After the E wave ends and the triangle pattern is completed, we see a diamond diametric.
We now seem to be in the middle of wave E of this triangle.
Do not enter the position without confirmation and trigger and capital management.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ENJ/USDT Could ENJ break the pattern or downward to the demand??💎 ENJ has recently experienced significant developments in the market. Currently, there's potential for ENJ to reach the demand and initiate an upward movement.
💎 However, if ENJ breaks the pattern without a retest at the demand, it may undergo upward momentum, targeting the supply area. A successful breakout of the supply area, probability could lead to an easy movement toward our target on the bearish OB.
💎 On the contrary, if ENJ fails to break out of the pattern, there's a likelihood of continued downward movement. Retesting the demand area becomes crucial for ENJ to gain momentum, break the pattern, and resume its upward trajectory.
💎 In the scenario where ENJ doesn't exhibit a positive response at the demand, lacking a bounce or favorable candle formations, it raises concerns about losing demand. This bearish momentum could lead ENJ to continue its downward trajectory, revisiting the bottom support levels.
#ENJ/USDT - Long - Potential 31.99%Strategy: Long
Exchange: BINANCE
Account: Spot
Entry mode: Market order in range
Invest: Risk 1%
Exit:
• ⎿ Target 2 : 0.526 32.26%
• ⎿ Target 1 : 0.4283 7.69%
Entry: 0.3977 ⌁ 0.3977
• ⎿ Current market price: 0.3976
Stop: 0.343 (-13.75%)
Technical indicators:
Trendline break, 3724 resistance break
• ⎿ 24h Volume: 10755704.0629
• ⎿ Satoshis: 0.3977
• ⎿ Analysis: TradingView
ENJ after the pullback can continue the uptrend ENJ after the pullback can continue the uptrend. It might get rejected from 0.3200 and continue to go up.
🔵Entry Zone 0.3086 - 0.3201
🔴SL 0.2902
🟢TP1 0.3455
🟢TP2 0.3709
🟢TP3 0.3975
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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ENJ/USDT | 1W 👀Enjin is a major platform for creating online gaming communities. It supports thousands of different games, and the total number of players in the communities already exceeds 20 million.
Against the backdrop of the growing demand for NFTs and blockchain games, the project's token has significantly appreciated, becoming one of the most sought-after products in the GameFi and metaverse spheres.
- Not financial advice, trade with caution.
✅ Stay updated on market news and developments that may influence the price of Enjin. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #Enjin #Investment #ENJ
ENJ/USDT Bullish Reversal at Key Demand Level ?👀🚀 ENJ Analysis💎 Paradisers, take note of #ENJUSDT as it showcases a noteworthy pattern, securely positioned at an essential demand level, signaling the possibility of a bullish turn.
💎 In reviewing #ENJIN's recent movements, a pattern of descending to new lows has been observed, indicating a bearish trend. Yet, it's important to highlight that prior to this, ENJ was tracing an ascending channel pattern, from which it has recently deviated.
💎 This break presents an opportunity for a bullish reversal, especially since the price has now tapped into liquidity at the critical support level of $0.2529. Maintaining this level could spark a robust rally to challenge the existing supply.
💎 As experienced traders, we're prepared for various outcomes. If #ENJ does not achieve the anticipated bullish reversal, a push from a lower demand level at $0.2248 could be next in line. Nonetheless, falling beneath this level may indicate a deeper bearish trend is taking hold.
ENJ time to SHINE!Welcome to the Spatial Computing Narrative!!!
Enjin Coin (ENJ) is the native token of the Enjin ecosystem. Built on the Ethereum blockchain and compatible with multiple gaming platforms, the Enjin Coin is an ERC-20 token that allows the in-game items created on the platform to be traded with real-world value. The ENJ token has a maximum supply of 1 billion coins.