$ENA Liquidated Long: $439K at $0.816
A massive liquidation in #ENA today, with a staggering $439K long position wiped out at $0.816.
The price faced heavy rejection at this level, triggering a sharp pullback and catching bulls off guard.
What’s next for $ENA ?
This liquidation suggests we may be entering a period of consolidation or further downside.
The market has shown resistance at key levels, so it's crucial to monitor support zones closely. Key levels to track:
• $0.78 support: If this level holds, there could be potential for a bounce.
• $0.80 resistance: A reclaim of this level is critical for a bullish reversal.
Next move?
Keep an eye on $0.70 for potential buy opportunities, but don’t rush in.
Wait for price action confirmation and look for a solid reversal pattern.
If the price struggles at resistance, further downside could be likely.
Stay strategic and ensure proper risk management!
