💥 $ENA Short Liquidation Alert

📉 Liquidation Amount: $8.889K

📍 Liquidation Price: $1.2695

A major short squeeze has just taken place on $ENA, pushing the price higher! Will this continue with more upward movement, or will we see a quick pullback after this sharp jump? Let’s break it down and prepare for what’s next.

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📊 Market Insights

The short liquidation shows that a lot of traders who were betting against $ENA are now being forced to buy back their positions, pushing the price up. This could lead to more upward momentum, but the market might also experience some volatility before it stabilizes.

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🎯 Key Levels to Watch

Buy Zone: $1.25 - $1.30

(This range could act as a good entry point if the price holds steady here and shows support.)

Target 1: $1.40

Target 2: $1.50

Target 3: $1.60

🚨 Stop Loss:

Set your Stop Loss at $1.20 to protect yourself from a sharp downside move.

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What Could Happen Next?

Bullish Scenario: If $ENA stays above $1.30 and shows strong buying volume, we could see it push toward $1.40, $1.50, and possibly reach $1.60.

Bearish Scenario: If ENA breaks below $1.25, we could see it dip towards $1.20 or even lower.

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Trading Tips:

1. Wait for Confirmation: Be patient and make sure ENA is holding support in the Buy Zone before entering.

2. Risk Management: Use your Stop Loss to manage risk and protect your position if the market moves against you.

3. Volume Watch: Keep an eye on volume. Strong volume can confirm whether the upward momentum is likely to continue.

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ENA just experienced a huge short squeeze, but what happens next is key. Will the bulls keep pushing, or will the market take a breather? Get ready and make your move at the right time! 🚀

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