mablack15

ENJ - Falling Wedge

Long
BINANCE:ENJBTC   Enjin Coin / Bitcoin
ENJ/BTC is looking like a great swing trade on this falling wedge . I will be accumulating slightly above the support level and holding for a breakout as it is getting close to the end of the wedge . The 1H indicators look pretty bullish and the 4H is pretty neutral.

Entries: 4,000-4,260 sats
Stop Loss: 3,900 sats
Targets: 4,350 - 4,600 - 4,950 - 5,200
Comment: First two targets hit for 15%! I personally sold around 4,500 and I am waiting for a dip. The 4H still looks very good so I will try and accumulate around support at 4,300-4,350 sats
Comment: As I mentioned, I was setting buy orders around 4,350 sats to buy back in. Right now ENJ bounced exactly on the 0.5 fib level (4,336 sats). I am back in this and I think we can see a possible run to 4,600. If we break that we may get close to seeing our 5,000 sat targets.

Comments

Awesome! Nice chart. And you called it. Good trading.
Reply
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