New Plancton's
Idea #ENJUSDT is testing the key levels
ENJUSDT, is currently in a critical phase as its price is approaching both the daily support and the weekly support levels. This convergence of key support areas makes it an important zone to watch for potential price action.
A pullback refers to a temporary reversal in the price of an asset after a significant upward movement. It is a natural and healthy market phenomenon where the price retreats from its recent highs before potentially resuming its upward trend. Pullbacks allow traders and investors to enter positions at more favorable prices, taking advantage of the temporary dip.
In this scenario, a pullback from the current support levels suggests that the price may bounce upward, potentially indicating a continuation of the overall bullish trend. However, it is important to exercise caution and a...
