The key level to watch in ENJ is $0.05118—if this level is broken, the next downward move is likely. Momentum is currently neutral or slightly bearish, as if waiting for a trigger.

A close above $0.08779 will reverse the entire downtrend setup, but unless we see a major change in market sentiment, this seems like a long shot. The path of least resistance still points downward from here.

If we drop below $0.05118, I’m looking at how quickly it will fall—slow bleeding, feeling different from a sudden spike in entry timing. Are you expecting this break or skipping the bounce? $ENJ