$ENJ is up 34% today! Stop! Before you click that "Buy" button, read this.
Enjin coin ENJ is leading the Binance gainers list today.. Buying something that is suddenly up 34% can be a bad idea. The "Gaming Comeback" story sounds great.. The charts show a big problem just ahead. This sudden jump might be whales getting out with their money.
Here are some useful points:
* The numbers: Trading volume went up a lot, 400% more.. The RSI number is very high, above 85. That is not good.
* The plan: Never buy when something is, at its peak. If you like Enjin ENJ wait for it to come down 10-15% to the 20-day price.
* What people think: Most things that are up today are mixed. It is not like the whole market is going up some individual things.
My opinion: I am neutral to bearish on ENJ for now. It is great if you already have some and are making money.. If you do not have any now might not be the best time to buy.
Stay safe. Make smart trades. Follow me to avoid getting caught up in the excitement! 💎