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ENJ/USDT Potential Upward Movement

ENJ/USDT Price Long-Term: Bullish

Key Resistance Levels: 1.4210, 1.4250, 1.4300

Key Support Levels: 1.2790, 1.0820, 0.9735

Daily Chart:

On the daily time frame, the price is in a strong upward movement where the buyers are obviously controlling the price of the ENJ/USDT Coin. Yesterday a slight correction was posted which was expressed by a long wick to the upside. Let’s see what’s happening on the 1-hour time frame.

ENJ/USDT Medium-Term Trend: Bullish

1-hour Chart:

On the 1-hr time frame, as we have said the coin revealed a correction to the downside where we have a confluence area between the 38.20% mark and the 1.2792 support. This might lead to a move upward to the 1.4210 level.

Signal Idea:

Buy Limit Order @ 1.2792

TP 1 @ 1.4210

TP 2 @ 1.4250

Stop Loss @ 1.2212

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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