$ENJ /USDT TECHNICAL ANALYSIS – BULLISH CONTINUATION SETUP
ENJ/USDT has delivered a strong impulsive move from its base, supported by rising volume and renewed strength in the gaming and Layer ecosystem. Price action is holding above key short-term moving averages, suggesting buyers remain in control with potential for further upside.
Market Bias: Bullish
Trade Type: Long
Long Entry Zone:
0.03200 – 0.03400 (pullback into demand and MA support)
Targets (TP):
TP1: 0.03680
TP2: 0.04050
TP3: 0.04290
Stop Loss (SL):
0.02940 (below MA(25) and recent structure support)
Technical Reasoning:
Price sustaining above MA(7) and MA(25 confirms bullish momentum
Strong volume expansion indicates accumulation
MA(99) acting as immediate resistance; breakout may trigger continuation
Higher-low structure forming on intraday timeframes
Risk Management:
Risk only 1–2% of total capital per trade, secure partial profits at TP1, and trail stop loss to breakeven to preserve gains.
