$ENJ Breakdown Play — Bears Targeting the Next Major Support
Short $ENJ
• Entry: 0.0740 – 0.0750
• Stop Loss: 0.0780
Targets:
• TP1: 0.0710
• TP2: 0.0680
• TP3: 0.0650
ENJ is showing clear bearish continuation after a sharp -17.21% move in the last 24 hours. On the 1H timeframe, price has already broken down from the 0.10000 – 0.10339 resistance zone and is now printing lower highs and lower lows, which confirms that sellers are still in control of the trend.
The recent sell-off came with strong red volume, and price is now hovering just above the 24H low at 0.0710. That makes this a critical zone for continuation or a short-term reaction. As long as 0.0780 stays untouched, the bearish bias remains valid and the next downside leg could target 0.0680, then 0.0650 if momentum accelerates.
Manage risk strictly and watch for rejection on any 1H bounce. A clean failure at resistance could offer another solid short opportunity.
Trade $ENJ here 👇🏻
