Bearish Breakout Confirm:- ENJUSDT ??
Trade setup:
Bearish breakout from Sideways Channel ($0.50 - $0.75) confirms Downtrend. Price could revisit $0.40
support, which was the prior low from June. set a price alert).
Trend:
Downtrend across all time horizons (Short- Medium- and Long-Term)
Momentum:
is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars
are declining, which suggests that momentum is weakening.
OBV (On Balance Volume):
is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers
and supply from sellers are in equilibrium
Support and Resistance:
Nearest Support Zone is $0.40. The nearest Resistance Zone is $0.50 (previous support), then $0.75.
Bearish breakout from Sideways Channel ($0.50 - $0.75) confirms Downtrend. Price could revisit $0.40
support, which was the prior low from June. set a price alert).
Trend:
Downtrend across all time horizons (Short- Medium- and Long-Term)
Momentum:
is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars
are declining, which suggests that momentum is weakening.
OBV (On Balance Volume):
is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers
and supply from sellers are in equilibrium
Support and Resistance:
Nearest Support Zone is $0.40. The nearest Resistance Zone is $0.50 (previous support), then $0.75.
Trade closed: target reached:
It's Successfully reached to our support zone. So Short order is closed now.