Ripe for a big move!
EnjinCoin (ENTBTC) looks ripe for another nice move upwards.
Price already jumped a staggering 82% on 28 Sept and has been gracefully retracing back to support ever since and is now resting just above the Fib 50% level, which is also a previous support/resistance level AND is just above the daily 20 EMA. That's some pretty good support. Price is narrowing in on the triangle and we're likely to see a breakout of the triangle fairly soon.
Reasons for taking this Trade
Trade Management
Exchange: Binance
Entry : 780 - 825 sats
SL: 710
TP: 1283
Good luck and trade safe!
Price already jumped a staggering 82% on 28 Sept and has been gracefully retracing back to support ever since and is now resting just above the Fib 50% level, which is also a previous support/resistance level AND is just above the daily 20 EMA. That's some pretty good support. Price is narrowing in on the triangle and we're likely to see a breakout of the triangle fairly soon.
Reasons for taking this Trade
- Retest of support/resistance level
- Daily 20 EMA support
- Fib 50% level
- Stoch RSI close to switching upwards
- Low volatility above should make target easy to reach with good risk to reward
Trade Management
Exchange: Binance
Entry : 780 - 825 sats
SL: 710
TP: 1283
Good luck and trade safe!
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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.
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.