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Enjin Coin (ENJ) - June 1

BINANCE:ENJUSDT   Enjin Coin / TetherUS
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(ENJUSDT 1W chart)
Below 0.563 is likely a long-term investment area, so you need to trade cautiously.


(1D chart)
In the short-term and medium-term perspective, it needs to move above 0.744 for support to turn into an uptrend.

Accordingly, it is an important issue whether it is supported over the 0.673-0.744 range.

(buying)
- After confirming the support at 0.744

(Stop Loss)
- When the resistance falls below 0.673
- When it falls below 0.563

(Sell)
- When resistance is received in the 0.943-1.124 section
- When receiving resistance in the 1.626-1.878 section

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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