$ENJ at $0.0258 is not a clean long, it’s a trap if you chase it after a 4.79% bounce 🚨
4h is up 4.0% and volume is 1.6x the 20d avg, so yes, money is rotating in. But RSI(14) at 66 is getting hot, futures funding is still positive, and price is still under the 20d and 50d MA. That’s the part people ignore until they get smoked 😬
Could squeeze higher from here. Could also roll over fast. I’ve seen this setup before.
What’s your target here?
#ENJ
#Binance
#Altcoin
4h is up 4.0% and volume is 1.6x the 20d avg, so yes, money is rotating in. But RSI(14) at 66 is getting hot, futures funding is still positive, and price is still under the 20d and 50d MA. That’s the part people ignore until they get smoked 😬
Could squeeze higher from here. Could also roll over fast. I’ve seen this setup before.
What’s your target here?
#ENJ
#Binance
#Altcoin