$ENA recently saw a liquidation of a long position worth $104K at a price of $1.047.
This event suggests heightened market volatility or a shift in trader sentiment.
Such liquidations can create further price fluctuations, potentially triggering more cascading stops.
Traders should keep an eye on $ENA support and resistance levels to assess the next potential movement.
With market conditions uncertain, caution is recommended for anyone considering a position in $ENA at this time.
