Right now, $ENJ /USDT is sitting in a pretty interesting spot after that strong upward move from around 0.017 to 0.0315. What you’re seeing isn’t weakness—it’s actually a healthy pullback and consolidation phase, which is often what happens before a potential continuation if buyers are still in control. The price is holding above key short-term moving averages like the 7-day and 25-day, which suggests that momentum hasn’t completely faded yet.
If you're considering a long position, you could enter around the current zone between 0.0220 and 0.0224, but that’s more of an aggressive entry. A safer and smarter approach would be to wait for a slight dip into the 0.0210–0.0215 range, where the price aligns better with support and gives you a stronger risk-to-reward setup. Chasing green candles here isn’t ideal—patience usually pays off in these scenarios.
On the upside, the first area to watch is around 0.0245, which previously acted as resistance. If price breaks through that cleanly, the next levels to aim for would be 0.0270 and then a retest of the highs near 0.0300–0.0315. That’s where sellers showed up last time, so expect some reaction there.
For risk management, placing a stop loss around 0.0208 gives you a tighter setup, while a more conservative stop below 0.0198 protects you in case the structure fully breaks down. If the price closes below 0.0200 on the daily timeframe, that would be a clear sign that the bullish setup is weakening and it’s better to step aside.
Overall, this setup looks like a classic continuation pattern after a strong move, but it’s still important to stay disciplined. Let the price come to you instead of forcing an entry—especially in a market that just had a big spike.