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MyCryptoParadise
Jan 24, 2024 1:25 AM

ENJ/USDT Bullish Reversal at Key Demand Level ?👀🚀 ENJ Analysis Long

Enjin Coin / TetherUSBinance

Description

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💎 Paradisers, take note of #ENJUSDT as it showcases a noteworthy pattern, securely positioned at an essential demand level, signaling the possibility of a bullish turn.

💎 In reviewing #ENJIN's recent movements, a pattern of descending to new lows has been observed, indicating a bearish trend. Yet, it's important to highlight that prior to this, ENJ was tracing an ascending channel pattern, from which it has recently deviated.

💎 This break presents an opportunity for a bullish reversal, especially since the price has now tapped into liquidity at the critical support level of $0.2529. Maintaining this level could spark a robust rally to challenge the existing supply.

💎 As experienced traders, we're prepared for various outcomes. If #ENJ does not achieve the anticipated bullish reversal, a push from a lower demand level at $0.2248 could be next in line. Nonetheless, falling beneath this level may indicate a deeper bearish trend is taking hold.
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