ENJ broke out (like many other coins/tokens lately) from a falling wedge and right now I think it has hit its first resistance. To confirm what I see on chart and VLPR you can check with BB where price is over the upper band and ichimoku cloud where price approached the cloud from below.
Today volume spiked but I think that a good entry bid shouldn't be placed over 1.5 USDT. I'd do like this:
- a third at 1.5 USDT
- a third at 1.44 USDT
- a third at 1.33 USDT
off course follow the price action with alerts and stop loss in order to avoid seeing price going pumping or dumping all of a sudden.
Good luck.
Today volume spiked but I think that a good entry bid shouldn't be placed over 1.5 USDT. I'd do like this:
- a third at 1.5 USDT
- a third at 1.44 USDT
- a third at 1.33 USDT
off course follow the price action with alerts and stop loss in order to avoid seeing price going pumping or dumping all of a sudden.
Good luck.
Note
My entry levels were too low, I'm sorry, they didn't to trigger however if daily candle closes like that there's a good chance you'll be able to buy close to the former resistance. Try around 1.66-1.69. First big resistance test will be EMA 200 around 1.9 USDT
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I do TA because I like and it seems at least 70% of my calls usually turn out to be true. If you wanna support me please donate some tradingview coin or check "about me"
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.