$ENJ / USDT - Reversal or Bounce Play

Overview:

- Current Price: $0.09416

- MA Analysis:

- MA(7): $0.09695 (above price)

- MA(25): $0.10457 (above price)

- MA(99): $0.09608 (slightly above price)

- Volume: Decreasing volume on the pullback

- Short-Term Trend: Currently in downtrend but nearing potential support zone

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Strategy: Catching a Trend Reversal or Bounce

This chart suggests a short-term downtrend, but price is approaching the 99 MA, which can act as support.

# 1. Conservative Entry (Bounce Play)

- Buy Entry: $0.0925 – $0.0935 (near 99 MA support or lower wick rejection candle)

- Stop Loss (SL): $0.0898 (below last support zone)

- TP1: $0.0985 (towards 7MA)

- TP2: $0.1020 (near 25MA resistance)

- TP3: $0.1065 (if trend flips bullish)

> Why it works: You buy near support, risk is low, reward is high if bounce happens.

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# 2. Trend Confirmation Entry

- Buy Entry: $0.0980 – $0.0995 (once price breaks and closes above 7MA with volume)

- SL: $0.0945

- TP1: $0.1040

- TP2: $0.1100 (resistance from last high)

> Why it works: Safer, as it waits for trend shift confirmation with a breakout candle.

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# Quick Notes:

- RSI not visible, but volume dip plus price at MA99 suggests a good bounce risk-reward zone.

- Wait for a bullish candle with strong volume to enter confidently.

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