ENJ/USDT Break Alert! Bullish momentum for ENJ movement.

BINANCE:ENJUSDT   Enjin Coin / TetherUS
πŸ’Ž Paradisers, #ENJ is indeed a coin worth monitoring closely.

πŸ’Ž The chart shows a potential bounce from the support area, followed by a successful breakout of the descending resistance, indicating bullish momentum for ENJ. ENJ may undergo a retesting phase before continuing its upward movement towards our target area.

πŸ’Ž However, if ENJ fails to bounce during the retesting phase and even breaks below the trendline, it could indicate weakness in the bullish momentum.

πŸ’Ž In such a scenario, ENJ might retreat to revisit the major support level around 0.272 - 0.25. This could potentially lead to a significant bounce and a reversal back to bullish territory.

πŸ’Ž The bullish invalidation scenario would come into play if ENJ fails to bounce from the major support area and the daily candle closes below it. This could confirm bearish sentiment and lead to further downward movement and deeper dips.

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