$ENJ
💸Here’s a breakdown and analysis of $ENJ /USDT trading data:
Depth and Volatility
High Volatility: The price ranged between $0.2225 (low) and $0.3139 (high) in the past 24 hours.
Significant Volume: Over 12.1M ENJ traded, reflecting strong market engagement.
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Technical Analysis
🎁1. Bullish Indicators:
The price is trending above its long-term average (MA99: $0.2539), a positive signal.
28.60% price gain within 24 hours signals strong momentum.
🎁2. Resistance Levels:
$0.3139: Immediate resistance; a breakout above this could lead to further upside.
$0.3174: Next significant resistance if momentum continues.
🎁3. Support Levels:
$0.2853: Near MA25; a key short-term support level.$0.2539: Strong support near MA99 and a potential accumulation zone.
$0.2225: 24H low; a critical level to watch during corrections.
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📊Trading Strategy
Short-Term Strategy:
🌱Entry:
Look for a dip near $0.2853 (MA25) or $0.2539 (MA99).
Alternatively, buy on a confirmed breakout above $0.3139.
🔒Stop-Loss:
For dips: Set below $0.2500.
For breakouts: Set below $0.3000 to minimize risk.
💸Take-Profit:
Initial targets: $0.3174 and $0.3400 if momentum persists.
📊🚀Mid/Long-Term Strategy:
🌱Entry: Accumulate near $0.2539–$0.2225 during pullbacks.
🔒Stop-Loss: Below $0.2200 to avoid deeper losses.
Take-Profit: Gradual exits at $0.3500, $0.4000, and beyond if ENJ continues its bullish trend.
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Alerts Setup📩
Resistance Alert: Set an alert at $0.3139 for a breakout opportunity.
Support Alerts: Monitor $0.2853 and $0.2539 for potential bounces.
Volume Alert: Watch for sudden surges in trading volume, which can precede significant price moves.
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Market Sentiment✨✨
Layer 1/Layer 2 Focus: $ENJ is a metaverse and gaming token, which has seen growing interest. The 28.60% gain indicates strong sentiment, but expect potential profit-taking at higher levels.
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🚨🚨 ATTENTION! VERY IMPORTANT!
Find Out What Binance’s New Warnings Mean!
Starting October 1, 2024, #Binance will introduce risk warnings for tokens with major #tokenomics or supply changes. Affected tokens will display a banner and pop-up notification. Users must acknowledge this before trading ⚠️
Tokens marked with significant changes in the past 18 months include:
Travala ($AVA)
Chiliz (CHZ)
Enjin Coin (ENJ)
IOTA (IOTA)
Lisk (LSK)
Metal DAO (MTL)
Orion (ORN)
Self Chain (SLF)
Solar (SXP)
Vanar Chain (VANRY)
This move is aimed at boosting transparency and ensuring you're aware of potential risks with these tokens. Stay sharp and always check the details before trading!
Remember, always DYOR! 🔍

#CHZ/USDT #ENJUSD #IOTAPriceAnalysis #BTCReboundsAfterFOMC #CATIonBinance