$ENA Long Liquidation Spotted.

Amount: $1,706.6K (Massive!)

Price: $1.2059

This whale-level long liquidation has shaken the $ENA market, sparking volatility and pulling prices lower. Such a significant liquidation hints at strong bearish pressure overwhelming the bulls at this critical support level.

What Does It Mean.

1️⃣ Market Sentiment:

Bulls entered at higher levels, anticipating a surge.

Instead, bears slammed prices down, forcing liquidations.

2️⃣ Key Levels to Watch:

Support Zone: $1.20 (critical to hold).

Resistance Zone: $1.25-$1.30 (major hurdle for bulls).

3️⃣ Possible Scenarios:

If Support Holds: Expect a bounce back towards $1.25+.

If Broken: Prices may spiral down further to $1.15-$1.10.

How to Play This Move.

Short Traders:

Look for retests of $1.2052 or $1.22 for entries.

Target: $1.15

Stop-Loss: Above $1.23

Long Traders:

Watch for strong buying signals near $1.20.

Target: $1.30

Stop-Loss: Below $1.18

Keep a close eye on market sentiment, as liquidations of this scale often create heightened volatility and potential for quick profits if you're prepared.

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