Btcenj
ENJ/BTCKeep it simple!
Green box is where you buy, Orange box is where you take profit. At each profit target I take out 20% of my initial trade.
If ENJ hold the green box range and respects it as support then we can see ENJ test previous resistance levels. However, this coin has a low volume so is possible that ENJ will fall below the green box. Because of this I would have a tight stop below the green box.
It is key to note that the boxes are a range - therefore I ladder into my trades, which gives me a better entry and exit price.
Enjin Coin Upto 40% profits for mid termFalling wedge pattern creation.
Breakout confirmation is still expected.
RSI at 45.
Volume need to increase to see a breakout confirmation.
Accumulation level : 860 sats - 940 sats
Distribution Targets :
Target 1 : 978 sats
Target 2 : 1032 sats
Target 3 : 1075 sats
Target 4 : 1119 sats
Target 5 : 1180 sats
Target 6 : 1280 sats
Stop Loss : 793 sats
25% profits expected for the short term upto 6 days.
40% profits expected for the mid term upto 25 days.
Good Luck.
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