🚨 $ENA Long Liquidation Alert! 🚨

A long liquidation of $5.7511K just hit at $0.9388, shaking out over-leveraged buyers! Sellers are dominating the market, but is this the beginning of a deeper drop or a bounce opportunity? Let’s chart the next move! 🔥

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What’s Next for $ENA?

Here’s a trading plan to navigate this move effectively:

Buy Zone:

Look to enter between $0.92 and $0.94 (watch for price stabilization or signs of reversal before entering).

Targets:

1. $0.96 – First target (immediate resistance).

2. $0.98 – Second target (short-term profit zone).

3. $1.00 – Bonus target (psychological level if momentum builds).

Stop Loss:

Place your stop below $0.90 to limit downside risk in case the sell-off continues.

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Why This Matters:

Long liquidations like this often create temporary downward pressure, but they can also trigger rebounds as prices approach critical support levels.

$ENA is hovering near the $0.94 zone, which could act as a strong pivot point for buyers.

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Pro Tips for Trading $ENA:

1. Volume Confirmation: Monitor for a volume surge near the buy zone, indicating buyer interest.

2. Patience Pays: Don’t rush in—wait for a clear reversal signal before placing trades.

3. Risk Management: Stick to your stop loss and adjust your position size carefully.

⚡ Final Thought: Liquidations shake the market, but they also create opportunities for smart traders. Stay disciplined, follow your plan, and let the market come to you. Good luck trading $ENA

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