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If you think the move on $ENJ is over, you really need to take a closer look at this daily candle.
That wick up to 0.0538 shows just how much explosive energy is sitting in this pair right now. We had a massive surge in volume, and even though we pulled back to 0.0387, the fact that we are staying well above the previous 0.0315 resistance turned support is a huge sign of strength.
The sellers tried to push it back down, but the buyers are stepping in aggressively on the dips. If we can consolidate here for a few days and build a base, the next run will likely clear that high and head toward the 0.0600 zone.
I’m watching the 0.0350 level as the line in the sand. As long as we hold above that, the bulls are still in total control. Just don't get shaken out by the volatility.
#GateSquareAprilPostingChallenge