🚨 $ENA Liquidation Shockwave! 🚨

💥 A $5.38K long liquidation just took place at $1.04927, causing a huge market shift! Traders who were betting on a price increase have been forced out, leading to potential upside for those ready to jump in. Could this be the start of a new bullish rally? Let’s break it down and get you ready to trade.

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🔎 What’s Happening?

Long liquidations occur when buyers are forced to sell, pushing the price down momentarily. However, after such a liquidation, a strong bounce often follows, especially if support holds. $ENA might be setting up for a potential rally if it can stay above key support levels.

📉 Key Market Levels:

Resistance: $1.10 - $1.15 (Immediate resistance zone)

Support: $1.00 - $1.05 (Critical buying area)

$ENA is testing support at $1.05. If this level holds, the next move could take it higher.

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🔥 Trading Plan (Next Move):

Buy Zone (Entry Point):

Enter around $1.05 - $1.07 if the price shows strength and holds support.

Target Levels:

First Target: $1.10 (Test of immediate resistance)

Second Target: $1.15 (Next major resistance zone)

Stop Loss:

Place your Stop Loss below $1.00 to protect your position in case the price drops further.

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⚡ Pro Tips for Trading $ENA:

1. Volume Watch: A strong increase in buying volume around $1.05 confirms bullish momentum.

2. Breakout Opportunity: If $1.10 breaks with strong volume, could surge toward $1.15 or higher.

3. Risk Management: Stick to your Stop Loss to protect your investment, as can move quickly.

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🔥 Market Insight: The long liquidation of $5.38K may be the catalyst for a move up. If holds its support near $1.05, the price could break through $1.10 and push towards $1.15.

Stay alert, trade wisely, and keep an eye on these levels. Let me know if you want live updates on $ENA! 💹

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