$ENJ /USDT BEARISH BREAKDOWN AHEAD! šØš
š Current Price: $0.0666 (-5.13%)
š°ļø Timeframe: 1H | Exchange: Binance
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š» TECHNICAL OUTLOOK:
Enjin Coin is showing clear bearish momentum after a sharp rejection from the $0.0717 resistance zone. Price is now hovering just above local support, indicating a potential breakdown if buyers don't step in.
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š KEY LEVELS:
Resistance Levels:
šŗ $0.0717 ā Major rejection zone
šŗ $0.0705 ā Minor resistance / supply zone
Support Levels:
š» $0.0660 ā Immediate support
š» $0.0645 ā Next key support (potential bounce area)
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š£ TRADE SETUP:
š“ Short Entry: $0.0665 ā $0.0670
šÆ Targets:
TP1: $0.0650
TP2: $0.0645
TP3: $0.0632 (extended target)
š”ļø Stop Loss: $0.0682 (above minor resistance)
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ā ļø RISK MANAGEMENT:
Risk only 1-2% of your capital. Stick to your SL. Don't chase the price ā wait for confirmation! š§ š¼
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š Trend: Bearish
š¬ Watch for volume increase near support before considering any reversal setups.