$ENJ /USDT BREAKDOWN WATCH – BEARISH MOMENTUM BUILDING FOR NEXT MOVE LOWER
ENJ/USDT is currently trading around 0.03306, sitting closer to the lower-mid range of the 24h structure (High: 0.03818 | Low: 0.02858). Price action shows weakness after failing to sustain higher levels, indicating that sellers are gradually regaining control. Unless buyers push decisively above key resistance zones, the market is likely to remain under bearish pressure with chances of another downside continuation.
Trade Setup:
Short Position (Primary Bias)
Entry: 0.0330 – 0.0340
Take Profit 1: 0.0315
Take Profit 2: 0.0295
Take Profit 3: 0.0286 (24h low retest)
Stop Loss: 0.0355 (invalidation above resistance)
Alternative Bullish Scenario (Only if breakout occurs)
Buy above: 0.0354
Target: 0.0368 – 0.0380
Stop Loss: 0.0335
Short Market Outlook:
Market is currently ranging with a slight bearish tilt. Momentum favors sellers unless price reclaims the 0.035+ zone with strong volume. Until then, pullbacks are likely to be sold into, with potential retest of recent lows.
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