Breaking Crypto News: $ENJ Short Liquidation Alert.

Key Event:

A massive $16,746 worth of short positions in (Enjin Coin) were just liquidated at a critical price level of $0.2461.

Market Insight:

This liquidation signals a potential shift in momentum, as shorts are being forced out of the market. Could the bulls be reclaiming control? The price reaching this liquidation point may ignite increased volatility, creating opportunities for traders.

Why It Matters:

Short liquidations often indicate a sudden price surge as traders betting against the market are forced to buy back at higher prices. This can lead to a short squeeze, driving prices higher in a rapid move.

Technical Overview:

Current Price: Keep an eye on how $ENJ holds above $0.24635.

Key Resistance: Watch the $0.255 and $0.265 zones for potential breakout targets.

Support Level: Bulls need to defend $0.240 to sustain upward momentum.

Trader's Note:

If you’re trading $ENJ, this could be a prime setup for short-term moves. Always use proper stop-loss and manage your risk effectively.

What’s your take on $ENJ next move? Are we looking at a bullish rally or another test of support.

Let’s discuss.

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