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📈 Technical Analysis: EnjinCoin ($ENJ )
On the hourly chart, ENJ is in sideways chop.
🟡 Chart is above support level and not planning to go anywhere. Trading off levels.
How to Trade❔
💬 Buy:
Entry on reversal candle configuration upon bounce from support level.
Stop-loss behind the extreme.
Profit target before resistance level.
💬 Sell:
If price breaks support—can sell.
Stop-loss behind the extreme.
Profit target before the level.
💬 Critically Important: Risk/reward ratio must be favorable! Trades are short-term, so carefully calculate the ratio before entry.
Conclusion:
Sideways action requires discipline. Trade only from levels with clear stops.
📈 Open trade with $ENJ 🔗 Chat • X • JioCoinsX