$ENS Liquidation Alert.

The crypto battlefield just witnessed an $11K liquidation on longs at a critical level of $36.80. Bulls were riding high, hoping for a breakout, but the market turned savage, taking no prisoners.

What Happened.

A long liquidation occurs when leveraged traders, betting on prices to rise, are forced to sell their positions as prices drop below their liquidation level. This event reflects a lack of buying pressure, pushing $ENS into a bearish momentum near $36.667, a crucial psychological and technical zone.

Why This Matters:

Long liquidations create downward pressure as forced sell-offs cascade.

The $36.667 level acted as a major support zone—its breach may signal further weakness.

Market participants might now look for a reentry point or brace for more volatility ahead.

Key Levels to Watch:

Support Zones: $35.50 and $34.80 (Potential buy zones).

Resistance Levels: $37.50 and $39.00 (Bulls need to reclaim these to regain momentum).

Stop-Loss for Longs: Below $34.50 to manage risk.

Market Sentiment:

With shaken by liquidations, the market is in a critical phase. Traders are eyeing every move to predict the next big play.

Will bulls reclaim dominance, or will bears push $ENS further into the abyss.

Stay sharp and keep an eye on those charts.

#ENS/USDT #BinanceAlphaAlert #CryptoReboundStrategy #SUIHitsATH #BitcoinHashRateSurge