I posted recently that Enjin coin might hold it's pennant for support, which by the way it tried to, but was forced down by Bitcoin 4.60% and the overall crypto market. Since then ENJ -0.02% like others has recovered and in my opinion has entered bullish territory again. Looking at the chart is has broken back above the bottom of its overall uptrend channel and broken above its Pennant . This is a very good signal for a breakout and yes we could easily come back in 12 hours to see it dip down again so take this trade with caution.
Expect turbulent waters 0.11% ahead and I recommend using a stop at the bottom of the channel. You will have to monitor the trade and continue to adjust the stop but you basically want to try and ride this channel higher and possibly even have a breakout above the channel followed by a breakout above all time highs.
Good luck.
Expect turbulent waters 0.11% ahead and I recommend using a stop at the bottom of the channel. You will have to monitor the trade and continue to adjust the stop but you basically want to try and ride this channel higher and possibly even have a breakout above the channel followed by a breakout above all time highs.
Good luck.
Trade active:
Target 1: $0.00004353
Target 2: $0.00005115
Stop: Trail bottom of uptrend channel.
Target 2: $0.00005115
Stop: Trail bottom of uptrend channel.
Trade closed: stop reached:
Following downtrend now and broke through bottom of channel. Trade closed.
