đ„$ENJ / USDT Showing Strong Recovery â Momentum Building Again
Enjin Coin is starting to regain strength after a clean pullback phase, signaling a potential shift back to bullish momentum on the 4H timeframe.
After forming a short-term bottom near the $0.055â$0.058 zone, price has bounced sharply and is now pushing toward the $0.070 resistance area. The recent bullish candles show increasing buying pressure, but the real test lies ahead.
đ Key Levels to Watch:
Resistance: $0.0740 â Major rejection zone
Support: $0.0600 â Strong demand area
Breakout Zone: Above $0.0740 for continuation
đ Trade Idea (Confirmation-Based):
Entry: On breakout & close above $0.0740
Stop Loss: Below $0.0650
Targets: $0.0820 / $0.0900
â ïž Important Note: This move is still in recovery mode â not a confirmed breakout yet. Entering early can expose you to fakeouts. Let the market confirm strength with a solid candle close and volume support.
đĄ Pro Tip: Volume is your best friend here. A breakout without volume = high risk of rejection.
Stay patient, stay disciplined â let the setup come to you $ENJ
