$ENJ
It seems to be rising again… but this is not necessarily good news.
After spiking up to 0.103, the price quickly lost momentum and declined slowly.
Now what can be seen is just a small bounce — there are no signs of a reversal structure yet.
In fact, the current area (0.068–0.070) is prone to becoming a distribution spot again.
This is the type of condition that often traps people:
a little rise → mistaken for a reversal → entering → continues to drop.
Personally, I prefer looking for shorts rather than chasing longs in the middle.
Plan:
Short → 0.069 – 0.071
SL → 0.074
TP → 0.062 – 0.058
As long as there is no clear break structure upwards,
every rise still makes more sense to be seen as a selling opportunity.
Sometimes the market doesn’t need to look weak to drop…
it just needs to look “quite decent” for people to dare to enter.
It seems to be rising again… but this is not necessarily good news.
After spiking up to 0.103, the price quickly lost momentum and declined slowly.
Now what can be seen is just a small bounce — there are no signs of a reversal structure yet.
In fact, the current area (0.068–0.070) is prone to becoming a distribution spot again.
This is the type of condition that often traps people:
a little rise → mistaken for a reversal → entering → continues to drop.
Personally, I prefer looking for shorts rather than chasing longs in the middle.
Plan:
Short → 0.069 – 0.071
SL → 0.074
TP → 0.062 – 0.058
As long as there is no clear break structure upwards,
every rise still makes more sense to be seen as a selling opportunity.
Sometimes the market doesn’t need to look weak to drop…
it just needs to look “quite decent” for people to dare to enter.