$ENA Bulls Charge Ahead: $3.4422K Shorts Liquidated at $1.016!
The bulls take control! $3,442.2K worth of $ENA short positions were wiped out as the price surged to $1.016, sending a strong signal of growing market momentum.
Bears betting on a decline were caught off guard, fueling a rapid liquidation cascade that added more firepower to the rally.
Why This Matters:
The large short liquidation highlights heavy buying pressure and signals a potential shift to bullish dominance in the $ENA market.
Breaking the psychological $1.00 barrier reinforces bullish sentiment, opening the doors for further price gains.
Next Move:
1. For Bulls: Monitor the $1.016 level closely. If the price consolidates above it, the next target could be $1.05 or even $1.10. Gradual accumulation might be a smart play.
2. For Bears: Avoid jumping in too soon. Wait for exhaustion signals near $1.05 or key resistance zones before considering new short entries.
3. For All Traders: Watch volume spikes and momentum indicators—if buyers lose steam, a pullback to $1.00 could offer reentry opportunities.
Key Takeaway:
The $1.016 liquidation level could mark the beginning of a broader rally.
Stay vigilant, trade smart, and keep an eye on resistance levels as the market heats up!