ENJ Buy/Long Setup (8H)

After a bullish move and the formation of a strong change of character (CH), followed by a FOMO-driven ENJ rally, the price is now approaching support zones. In areas where strong buyers were previously active, we can look for a buy/long position.

The origin of this move is expected to hold, and price is likely to move toward higher zones.

We are looking for a buy/long position around the demand zone.

Targets are marked on the chart.

A daily candle close below the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You