$ENA Faces Intense Long Liquidation.

Over $1.131K wiped out as price crashes to $0.9281.

In a dramatic turn of events, holders saw a massive long liquidation worth $1.131K when the price plummeted to $0.924. Traders who were betting on an upward trend were caught off guard as the market turned bearish, triggering liquidations and shaking the confidence of leveraged players.

What Happened.

A long liquidation occurs when leveraged traders betting on price increases (long positions) are forced to sell due to price drops, pushing the market even lower.

At $0.924, the cascading liquidations created further selling pressure, intensifying the decline.

Key Factors Behind the Liquidation:

1. Market Volatility: Sudden price movements in the broader market likely caught traders unprepared.

2. Stop-Loss Hunting: Whales or big players might have driven the price down to liquidate over-leveraged positions.

3. Lack of Support: $ENA failed to hold critical support levels, triggering a domino effect.

What’s Next for $ENA?

Traders need to watch these levels:

Immediate Resistance: $0.950 – A bounce above this level might restore confidence.

Key Support Zone: $0.910 – Holding above this is crucial to prevent further liquidations.

Pro Tip:

If you’re trading $ENA , avoid excessive leverage and set strict stop-loss levels to protect your capital! This market can be ruthless.

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