💎 ENJ has recently encountered significant market dynamics. Currently, ENJ has successfully broken above the supply area.
💎There may be a retesting phase at the demand area, which was previously the supply area, before continuing its upward movement and possibly reaching our target area.
💎 During the retesting phase, it is crucial for ENJ to bounce from the demand area if it wants to sustain its upward movement. However, if ENJ fails to maintain the demand area, there is a possibility of a breakdown below the support area, leading to a return to lower price levels.
💎 At the support area, it is imperative for ENJ to bounce and reclaim the area above the resistance for continued upward movement. Failure to do so could signal a bearish trend for ENJ, potentially leading to further downward movement in price.