$ENA The crypto market witnessed a significant event as experienced a short liquidation worth $5.4964K at $1.208. Traders are now wondering—what’s next for $ENA. Let’s break it down step by step with clear strategies.

Market Analysis for $ENA

1. Current Price: $1.208

2. Short Liquidation Impact: The liquidation could trigger increased buying momentum, leading to a potential upward price movement. However, resistance levels must be monitored.

Trading Strategy for $ENA.

Buy Zone.

Ideal entry: $1.180 to $1.220

This range is suitable as it aligns with recent support levels and potential bounce areas.

Target Levels.

Target 1: $1.300 (Moderate resistance)

Target 2: $1.400 (High resistance)

Stop Loss.

Set your stop loss at $1.150.

This ensures minimal loss if the market turns bearish.

Things to Watch.

1. Volume: Watch trading volume for confirmation of strong momentum.

2. Market Sentiment: Positive sentiment could push the price higher.

3. Key Resistance: If $1.300 is breached, it could signal a bullish rally.

Final Thoughts.

This is a thrilling time for $ENA traders. Stay cautious, use proper risk management, and always monitor the market closely before making any moves. Good luck and trade smart.

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