$ENJ /USDT (1H/1D) — Local long on a bounce

Technical context: The price is pressed to the lower limits after a long decline, forming a local low around $0.03778. The first activity of a limit buyer is noticeable on the spot (CVD).

Liquidity factor: Most of the stops have already been removed from the bottom, but a huge magnet of short position liquidations has formed from the top in the range of $0.0410 - $0.0422. The market maker is ready to push the price up to unload.

🚦 Signal: LONG (with current or limits)📈

🎯 Entry: $0.03780 – $0.03810

➡️ Take profits: $0.03900 / $0.04130 / $0.04220

🚫 Stop loss: $0.03710 (for local minimum)

⚠️ Backup scenario: If we consolidate below $0.03750, the long is canceled, we work from the short on a retest to $0.03610. Follow the risks!

ENJ
ENJUSDT
0.03701
-2.55%