ENJ │ 11.10.2023BINANCE:ENJUSDT.P
We are considering a potential price level breakout. There are several key signals that serve as our guiding principles (if one pays attention, these same points serve as signals in all our ideas). Observations provide us with confidence in the high potential of this situation.
Before crossing the level, we observe intense position accumulation and reduced volatility, indicating overall market interest and readiness for a move. Furthermore, we notice that the instrument has not been below this level for a long time, suggesting a lack of resistance on the path of price decline.
Going forward, we will monitor the instrument's movement as it approaches the level. We pay attention to the battle between buyers and sellers and will choose the side that exhibits a stronger position during the level breakout process.
Signals for level breakout
bar closure near the level;
bar closure near its high/low;
close retest of the level;
the instrument gradually approaches the level;
accumulation of energy for level breakout;
a good approach to the level;
consolidation near the level;
decrease in trading volumes before the level;
a clear zone beyond the level;
the instrument is being held from falling/rising in price;
there is a reserve of calculated ATR;
there is a reserve of technical ATR.
Trade Parameters
Open : 0.21200;
Take profit :
0.20751;
0.20601;
0.20452;
Every trader should make their trading decisions based on their own analysis and circumstances. The signals in this channel should be considered as an additional tool for your own consideration.
