$ENA Long Liquidation Alert
Liquidation Amount: $1,917.5
Price Level: $0.9488
This liquidation shows selling pressure, possibly leading to further price drops. Here's what you need to know and consider:
Key Details:
1. Market Pressure:
Liquidations often cause short-term price declines as traders close positions.
2. Support Zone:
Check if $0.9488 holds as a support level. If it breaks, expect more downside.
3. Resistance Zone:
Any upward move may face resistance near recent highs.
Suggested Next Moves:
Short-Term Traders:
If price breaks below $0.9488, it may signal more downside; consider shorting.
Wait for a clear recovery before buying.
Long-Term Investors:
Monitor overall trend and volume.
Only buy if price stabilizes and fundamentals remain strong.
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