ENJ Long Trade Setup
Current Situation:
Trend: ENJ is slowly grinding up, having broken and retested a local resistance level, flipping it into support.
Momentum: ENJ has picked up momentum and is heading towards the next resistance.
Trade Strategy:
Entry Point: Enter a long trade above $0.3240 and $0.3376.
Take Profit Targets:
First Target: $0.4470
Second Target: $0.5070
Third Target: $0.6826
Stop Loss: Set just below $0.2999 to manage risk.
Summary:
ENJ has established a clear uptrend by breaking and retesting a local resistance level, which has now turned into support. Entering a long trade above $0.3240 and $0.3376 positions you well for potential gains, with profit targets at $0.4470, $0.5070, and $0.6826. A stop loss set just below $0.2999 helps to minimize downside risk.
Trend: ENJ is slowly grinding up, having broken and retested a local resistance level, flipping it into support.
Momentum: ENJ has picked up momentum and is heading towards the next resistance.
Trade Strategy:
Entry Point: Enter a long trade above $0.3240 and $0.3376.
Take Profit Targets:
First Target: $0.4470
Second Target: $0.5070
Third Target: $0.6826
Stop Loss: Set just below $0.2999 to manage risk.
Summary:
ENJ has established a clear uptrend by breaking and retesting a local resistance level, which has now turned into support. Entering a long trade above $0.3240 and $0.3376 positions you well for potential gains, with profit targets at $0.4470, $0.5070, and $0.6826. A stop loss set just below $0.2999 helps to minimize downside risk.
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