$ENA !
Market Shock: Major Ethena Long Position Liquidated!
A substantial $112K long position in Ethena (ENA) was liquidated at $1.005, causing significant market turbulence.
Key Insights:
24-Hour Trading Volume: Approximately $818 million, indicating high market activity.
All-Time High: $ENA reached $1.32, marking a significant milestone.
Recent Performance: The price has declined by 14.06% in the past 24 hours, reflecting increased volatility.
Next Move:
Traders should monitor the $0.95 support level closely. A breach below this could indicate further downside potential.
Conversely, a rebound may target the $1.10 resistance.
Given current volatility, implementing risk management strategies is advisable.
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