$ENJ /USDT Short Trade Setup

#Enjin Coin is showing strong bearish momentum, currently trading at 0.0663 with a 6.75% drop in the last 24 hours. The price has broken below several support levels, with low buying pressure and consistent lower highs on the chart. Current price action suggests a short opportunity as the trend remains bearish and volume continues to favor the downside.

Short Entry Zone:

0.0660–0.0672

Stop Loss:

Above 0.0695 (above last minor lower high and near breakdown candle zone)

Take Profit Targets:

• Target 1: 0.0632

• Target 2: 0.0601

• Target 3: 0.0573

Technical Breakdown:

Price rejected from 0.0717 (24h high) and failed to hold 0.068 support

Volume downtrend with sell-side dominance

Bearish engulfing candle on 4H timeframe

Layer 1/2 category coins showing weakness across the board

RSI and MACD still favoring downward momentum

No major news or bullish catalyst currently supporting recovery

Summary:

As long as ENJ remains below 0.0695, the short setup is valid. A break below 0.0649 (24h low) with increased volume could accelerate the move toward 0.060 and beyond. Protect capital with a tight stop and manage risk based on leverage and portfolio size.

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