$ENJ 0,0339 — 19h last night a 15m candle pulled from 0,0329 up to 0,0402; the next candle then touched 0,0407 and fell. This morning when it bounced up to 0,0374, it was pushed down again.
In the 4H chart it broke support; in the 1H it formed a gradually lower high, 0,0407 → 0,0374, with the 15m pulling back to 0,034.
Earlier, ENJ was hovering around 0,029–0,031 for nearly a week. Open interest doubled to 7 million USD and hasn’t decreased yet. Funding has been negative since last night, with a reading of −0,47% every 4 hours: more short positions despite the price still being about 15% above support.
Above: 0,0360 then 0,0374. If it breaks 0,0374, look back to 0,0407.
Below: 0,0316–0,0321. If 0,0316 is lost, look at 0,0300.
0,0316 — is it holding as the base, or is it a sweep down to support at 0,030?
Personal observation only, not financial advice. Risk 1%, there is always an exit point.
#ENJ #Enjin $ENJ
In the 4H chart it broke support; in the 1H it formed a gradually lower high, 0,0407 → 0,0374, with the 15m pulling back to 0,034.
Earlier, ENJ was hovering around 0,029–0,031 for nearly a week. Open interest doubled to 7 million USD and hasn’t decreased yet. Funding has been negative since last night, with a reading of −0,47% every 4 hours: more short positions despite the price still being about 15% above support.
Above: 0,0360 then 0,0374. If it breaks 0,0374, look back to 0,0407.
Below: 0,0316–0,0321. If 0,0316 is lost, look at 0,0300.
0,0316 — is it holding as the base, or is it a sweep down to support at 0,030?
Personal observation only, not financial advice. Risk 1%, there is always an exit point.
#ENJ #Enjin $ENJ
