$ENA Drops: $52.7K Long Liquidation at $0.807 Sparks Bearish Pressure!
A major $52.7K long position was liquidated at $0.807, signaling a shift in market sentiment as buyers lose grip.
The bearish momentum could intensify if key support levels are breached.
Trading Plan & Insights:
1. For Sellers:
• Downside Potential: A break below $0.800 could push ENA toward $0.780 or even $0.750.
• Entry Zone: Short around $0.805–$0.810, with a stop-loss above $0.820 to limit risks.
2. For Buyers:
• Bounce Watch: If $ENA holds above $0.800, a recovery toward $0.820 or $0.830 may occur.
Look for reversal signals before entering long positions, and use a stop-loss below $0.790.
Key Levels to Monitor:
Support: $0.800, $0.780
Resistance: $0.820, $0.830
ENA is showing vulnerability—stay prepared for quick moves and manage your positions carefully!
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