$ENA Protocol Shocker: $6.43K Liquidated at $1.17872!
The $ENA market just witnessed a $6.43K long position liquidation at $1.17872, signaling heightened market volatility and the collapse of a key bullish support level.
What Happened?
1. Key Breakdown: Bulls failed to defend $1.18, triggering a cascade of liquidations as stop-loss levels were wiped out.
2. Bearish Pressure: Sellers are in control, increasing the risk of further downside.
What’s Next?
1. Critical Levels to Watch:
Support: $1.15 — If breached, expect accelerated selling.
Resistance: $1.20 — Bulls must reclaim this to regain momentum.
2. Risk Management:
Avoid aggressive longs until the price stabilizes.
Consider shorting opportunities with proper stop-losses if bearish sentiment persists.
3. Volume Surge: Watch for significant volume spikes—these could indicate trend reversals or intensified breakdowns.
The $ENA
market is in a pivotal moment—stay alert for sharp moves ahead!