If you're still longing $ENJ without setting a stop loss, stop now.
Watching a gaming token reverse after you FOMO in is the kind of pain that keeps traders up at night. Especially when there's no plan for when to exit.
Top 30-day traders by volume are going long $ENJ at these levels with a stop at 0.030 and targets from 0.040 and above. That's looking at over 30 percent upside if it plays out.
This setup has echoes of the $SAND run last quarter, where similar volume leaders piled in before the move. $MANA traders who treated it like a sure thing without risk management learned the hard way.
I've seen enough of these to stay humble about it. The current -0.65 percent dip could be the spot, or just more chop.
Where do you think $ENJ heads from here, or are we just watching another gaming token cycle repeat?
#ENJ #Altcoins #CryptoTrading
Watching a gaming token reverse after you FOMO in is the kind of pain that keeps traders up at night. Especially when there's no plan for when to exit.
Top 30-day traders by volume are going long $ENJ at these levels with a stop at 0.030 and targets from 0.040 and above. That's looking at over 30 percent upside if it plays out.
This setup has echoes of the $SAND run last quarter, where similar volume leaders piled in before the move. $MANA traders who treated it like a sure thing without risk management learned the hard way.
I've seen enough of these to stay humble about it. The current -0.65 percent dip could be the spot, or just more chop.
Where do you think $ENJ heads from here, or are we just watching another gaming token cycle repeat?
#ENJ #Altcoins #CryptoTrading
