$ENA Short Liquidation: $6.6391K at $1.23933!

Details:

Liquidation Type: Short Position

Amount Liquidated: $6.6391K

Liquidation Price: $1.23933

What Happened?

ENA experienced a strong price surge, catching short sellers off guard.

This upward movement triggered a wave of liquidations, adding momentum to the rally.

What’s Next?

1. Key Levels to Watch:

Resistance Zone: $1.25 – Breaking this could lead to further gains.

Support Zone: $1.20 – A dip below this might signal consolidation.

2. Market Sentiment:

Bullish Outlook: The short liquidation indicates strong buying pressure and positive sentiment.

Next Target: If the price sustains above $1.25, $1.30 could be the next significant level.

3. Strategies for Traders:

For Bulls: Consider riding the momentum, but wait for confirmation above $1.25.

For Bears: Avoid shorting until clear signs of a reversal emerge.

Conclusion:

The short liquidation shows bulls in control, pushing ENA higher.

Traders should watch for sustained movement above $1.25 for further upside or prepare for consolidation near $1.20. Stay vigilant and manage risks wisely!

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