$ENJ is going through a healthy pullback after the recent bullish move, allowing the market to absorb gains and clear weak positions. Corrections like this are essential for building a stronger base.
Trade Setup:
Entry Zone: $0.0348 – $0.0352
Target 1: $0.0365
Target 2: $0.0375
Stop Loss: $0.0340
I’m watching this zone closely because it coincides with previous support near $0.035 and also aligns with the 0.618 Fibonacci retracement of the recent swing. They’re building strength here, and if this level holds, ENJ could bounce back toward the targets.
$5.0888K worth of shorts were liquidated at $0.03503, showing strong buying support and reinforcing this key area.
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ENJ
0.03703
+12.79%
