$ENJ Setup 1: SELL / SHORT (Main Setup)
Setup Level
Sell Entry 0.02290 - 0.02363 (4H Bollinger midline to 24-hour high, if the price pulls back upward)
Stop Loss 0.02467 (above the 4H upper Bollinger Band; if breached, it means a false breakdown)
Take Profit 1 0.02124 (4H lower Bollinger Band, where the price broke down earlier)
Take Profit 2 0.02055 (24-hour low)
Take Profit 3 0.01954 (next low area on the chart)
Risk : Reward Around 1 : 2.8 if entering at 0.02300
Mandatory condition: Don't short at market at the current price of 0.02095. The price has already broken down and is oversold. Wait for a pullback to 0.0229 first. If the price immediately breaks below 0.02055 again without a pullback, don't chase it; wait at TP2.
Setup 2: BUY / LONG (Rebound Scalping Only)
Setup Level
Buy Entry 0.02055 - 0.02095 (current price to the 24-hour low; scale in small amounts only)
Stop Loss 0.02032 (below the low shown on the 4H chart; if breached, the price will continue dumping)
Take Profit 1 0.02124 (4H lower Bollinger Band)
Take Profit 2 0.02296 (4H Bollinger midline)
Take Profit 3 0.02363 (24-hour high)
Risk : Reward Around 1 : 2.5 if entering at 0.02070
Invalidation: If the 4H candle closes below 0.02055, cancel the Long; instead, continue Shorting with Setup 1's breakdown version. That would mean ENJ is heading to 0.01954.
My plan:
SHORT on a pullback at 0.02290 - 0.02363, SL 0.02467, TP 0.02124 / 0.02055 / 0.01954
LONG for scalping only at 0.02055 - 0.02095, SL 0.02032, targets 0.02124 / 0.02296
Are you on team wait for ENJ to pull back to 0.0229 to Short, or team brave enough to buy the dip at 0.0205? Comment below. DYOR
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