$ENA Long Liquidation Alert
š„ Liquidation Amount: $2,780.10
š Liquidation Price: $1.1603
A long liquidation just struck ENA, wiping out $2.78K at $1.1603! The bears have taken control, and longs are forced to exit as the price faces a sharp pullback, creating a powerful shift in market sentiment.
Whatās Driving This Drop?
1ļøā£ Bearish Reversal: After a brief rally, ENA hit resistance and reversed direction, triggering stop-loss orders and liquidating long positions.
2ļøā£ Long Squeeze in Action: Over $2.7K in long positions were liquidated, creating added selling pressure that could push the price even lower.
3ļøā£ Market Volatility: Such large liquidations can lead to significant price fluctuationsāprepare for more volatility in the hours ahead.
Whatās Next for ENA?
Support: $1.14āA key level to watch for potential stabilization and a possible rebound.
Resistance: $1.18āFor the bulls to regain control, theyāll need to break through this level and reclaim upward momentum.
š Traderās Insight:
For Bears: Watch for continued downside if the price breaks below $1.14, signaling more bearish momentum.
For Bulls: Be cautiousāany rebound could be short-lived in a market showing strong bearish pressure. Wait for a clear trend reversal before entering.
š„ The Big Question: Will ENA find support and bounce back, or is this the beginning of a deeper correction? Share your thoughts and strategies below as we follow this intense long liquidation!