ENJ* Possible good long entry setup
Hi,
Just another speculative setup, this time to ENJ, an NFT coin with some impressive gains YTD.
Fundamentals: NFT's are chili hot this year (ENJ no1 MktCap); Stimis are in delivery and perhaps this is not the top yet for the markets.
Trend: ENJ is the on a very bullish run, it as some retraces on the way up and the break up tends to be almost of the same size every time. For me it seems that its possible that we have an opportunity for a third inside bar pattern and a possible breakout and clean run higher with a nice risk reward ratio 3:1 (if the overall market supports).
*not an financial advise, just an idea to share.
Thanks
Just another speculative setup, this time to ENJ, an NFT coin with some impressive gains YTD.
Fundamentals: NFT's are chili hot this year (ENJ no1 MktCap); Stimis are in delivery and perhaps this is not the top yet for the markets.
Trend: ENJ is the on a very bullish run, it as some retraces on the way up and the break up tends to be almost of the same size every time. For me it seems that its possible that we have an opportunity for a third inside bar pattern and a possible breakout and clean run higher with a nice risk reward ratio 3:1 (if the overall market supports).
*not an financial advise, just an idea to share.
Thanks
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market selloff triggered more downside.
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