$ENA Liquidation Update
A short position worth $9.128K has been liquidated at $1.22049. This shows a strong upward momentum as sellers get squeezed out, and buyers dominate the market.
🎯 What’s Next for $ENA ?
🔵 Buy Zone:
Enter between $1.210 - $1.230
(Look for minor dips near this range for a better entry.)
🎯 Targets:
Target 1: $1.280
Target 2: $1.350
Target 3: $1.400 (Mid-term target if bullish momentum continues)
❌ Stop Loss:
Place your stop loss at $1.180
(Keeps your risk limited if the trend reverses unexpectedly.)
📊 Why This Strategy?
1. Short Squeeze Impact: The large liquidation indicates buying strength, signaling potential for further upside.
2. Support Zone: The $1.210-$1.230 range is a key demand zone, making it a good area to buy.
3. Momentum: If buyers sustain control, $ENA could break resistance levels and climb higher.
⚠️ Pro Tips:
Use proper risk management: Don’t risk more than 2% of your total capital per trade.
Watch the overall market trend, especially Bitcoin or ETH, as they often influence altcoins like ENA.
Stay disciplined and patient. Good luck with your trade!