📈 Technical Analysis: EnjinCoin (
$ENJ ).
The ENJ chart has formed a trading channel, within which the price is moving fairly consistently between support and resistance levels.
🟡 The channel is uneven, but functional and it offers concrete opportunities.
How to trade❔
💬 Buy setup: wait for the price to approach the support level and form a reversal candlestick pattern (hammer, bullish engulfing). Enter after confirmation. Stop-loss beyond the support level. Take-profit just before the resistance level.
💬 Sell setup: wait for the price to approach the resistance level and form a reversal c