$ENA Liquidation Shockwave!
$4.7629K Long Position Liquidated at $1.0267
$ENA just faced a massive liquidation of $4,762.90 as the price plunged to $1.0267, hitting long traders hard.
This swift move signals a sharp market correction and could point to a bigger shift in sentiment.
Important Details:
Liquidation Trigger: Price dropped to $1.0267, wiping out nearly $4.8K in long positions.
Market Sentiment: Bears are starting to gain traction, with aggressive liquidation of long positions.
High Volatility: A volatile environment, indicating potential for sudden price swings.
Next Moves for Traders:
1. For Bulls:
Keep an eye on $1.02 as a critical support zone. If the price holds here, a potential rebound could be in play.
$1.05 will be the key resistance level to break for a bullish confirmation.
2. For Bears:
If $1.02 is breached, expect further downside potential towards $0.98 or lower.
A sustained break below $1.00 would confirm further bearish momentum.
3. Risk Management:
Tighten stop losses to shield against more volatile price moves.
Watch for consolidation to gauge the next big move in $ENA.
This liquidation event highlights the intensity of the market shift—brace yourself for further volatility as $ENA navigates through uncertain waters!