$ENJ/USDT 12h (Binance Futures) Descending trendline breakout Long

Enjin Coin / TetherUS PERPETUAL CONTRACTBinance

Description

⋅ Jul 8, 2021 11:01 AM

EnjinCoin broke-out bullish and is retesting the TL, it may pull-back to 50MA before bouncing again.

Current Price= 1.27.04
Buy Entry = 1.2406 - 1.1686
Take Profit= 1.4582 | 1.7380 | 2.1732
Stop Loss= 0.9924

Risk/Reward= 1:1.25 | 1:2.51 | 1:4.56
Expected Profit= +21.05% | +44.28% | +80.41%
Possible Loss= -17.62%

Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 1.5 months

Trade active

⋅ Jul 9, 2021 12:53 PM

All entries filled

Enjin Coin dipped down as expected and seems to be bouncing back, let's wait and see!

Trade closed: target reached

⋅ Jul 15, 2021 9:32 AM

TP1 reached with +21.05% 81x) and +1.2R

Enjin Coin went for a last 50MA retest then pumped stronger this time regaining 100EMA.

Trade closed manually

⋅ Jul 21, 2021 11:24 AM

PC bot closed remaining position with -2.99% (1x)

EnjinCoin lost 50MA support and original SL would have been hit yesterday.
We are still holding some in Spot for mid-term since this is a promising NonFungibleToken (NFT) project!

Trade closed: target reached

⋅ Aug 26, 2021 1:03 PM

TP3 would have been reached with +80.41% (1x) and +4.56R

Enjin Coin made it to last target after all, if you held manually as suggested or re-entered, now would a good time to take profit!