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Enjin Coin (ENJ) - June 28

BINANCE:ENJUSDT   Enjin Coin / TetherUS
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(ENJUSDT 1W chart)
Below 0.563 is likely to be a mid- to long-term investment area.

The new Heikin Ashi low and the MACD's 'Buy/Sell' indicator fell at the same time and touched.

Therefore, if support is confirmed by rising above 0.635, it is expected to lead to further upside.

However, if it fails to rise and falls below 0.563, it can lead to a big decline, so careful trading is required.


(1D chart)
The key is whether it can find support at 0.563 and move above 0.673.

It may temporarily drop to around 0.484, so you need to trade cautiously.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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