Enjin Coin / TetherUSUpdated ENJUSDT is testing the key levels
ENJUSDT, is currently in a critical phase as its price is approaching both the daily support and the weekly support levels. This convergence of key support areas makes it an important zone to watch for potential price action.
A pullback refers to a temporary reversal in the price of an asset after a significant upward movement. It is a natural and healthy market phenomenon where the price retreats from its recent highs before potentially resuming its upward trend. Pullbacks allow traders and investors to enter positions at more favorable prices, taking advantage of the temporary dip.
In this scenario, a pullback from the current support levels suggests that the price may bounce upward, potentially indicating a continuation of the overall bullish trend. However, it is important to exercise caution and assess other factors, such as market sentiment and indicators, before making trading decisions.
According to Plancton's rules, the next valid area for potential long positions could be around the 0.32 price level. Plancton's rules are a set of guidelines or strategies created by a trader named Plancton, which traders often reference to identify potential trading opportunities.
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Follow the Shrimp 🦐
Keep in mind.
A pullback refers to a temporary reversal in the price of an asset after a significant upward movement. It is a natural and healthy market phenomenon where the price retreats from its recent highs before potentially resuming its upward trend. Pullbacks allow traders and investors to enter positions at more favorable prices, taking advantage of the temporary dip.
In this scenario, a pullback from the current support levels suggests that the price may bounce upward, potentially indicating a continuation of the overall bullish trend. However, it is important to exercise caution and assess other factors, such as market sentiment and indicators, before making trading decisions.
According to Plancton's rules, the next valid area for potential long positions could be around the 0.32 price level. Plancton's rules are a set of guidelines or strategies created by a trader named Plancton, which traders often reference to identify potential trading opportunities.
–––––
Follow the Shrimp 🦐
Keep in mind.
- 🟣 Purple structure -> Monthly structure.
- 🔴 Red structure -> Weekly structure.
- 🔵 Blue structure -> Daily structure.
- 🟡 Yellow structure -> 4h structure.
- ⚫️ Black structure -> <= 1h structure.
Note
15% so farNote
33% 
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