Breaking News: $ENA Long Liquidation Shakes Market!
A significant $68K long liquidation just rocked the market as ENA dropped to $0.988.
Bullish traders faced a harsh reality, with the price failing to hold key support levels, triggering this major sell-off.
The sudden dip has left the market on edge, with traders scrambling to reassess their strategies.
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Key Details:
1. Liquidation Amount: $68,000 (long positions).
2. Price Level: $0.988 triggered the liquidation.
3. Market Sentiment: Bearish momentum seems to be taking over, with bulls struggling to regain control.
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Next Move Strategy:
1. For Long Holders: Reassess your positions and avoid adding leverage until $ENA shows signs of stability above the $1.00 psychological level.
2. For Short Traders: Watch for continued downside momentum. Targets near $0.95-$0.97 could come into play, but manage risk as oversold bounces are possible.
3. For Neutral Traders: Stay on the sidelines and monitor whether $ENA can reclaim the $1.00 level.
A breakdown below $0.985 could signal further bearish movement.
High volatility is expected – trade cautiously!