$ENS Long Liquidation Alert 🚨
A significant $15.805K long liquidation just hit at $42.624! This could be a critical moment for $ENS. Will the price rebound or sink further? Let’s dive into the details:
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What’s Happening?
A long liquidation of this size suggests bulls are losing control at this level. It could either lead to:
1. A bounce as the market stabilizes.
2. Further downside if selling pressure continues.
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Buy Zone 🛒
The ideal buy zone for $ENS lies between $40.50 - $42.00. This area has shown strong support historically and could attract buyers.
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Targets 🎯
Target 1: $44.00 (First resistance zone)
Target 2: $46.50 (Key level if momentum builds)
Target 3: $50.00 (Psychological resistance and a major target)
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Stop Loss 🚫
Set your stop loss at $39.80. If the price falls below this level, it might signal a deeper downtrend.
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Next Steps
If the price bounces from the buy zone: Expect a rally toward $44.00 and beyond.
If it breaks below $39.80: The next major support zone could be near $38.00.
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Key Factors to Watch:
1. Market sentiment and Bitcoin’s price movement.
2. Trading volume—low volume near the buy zone could signal weak recovery potential.
3. News related to $ENS or the broader crypto market.
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⚠️ Disclaimer: This is for informational purposes only. Always do your research and trade responsibly. Markets are volatile—never risk more than you can afford to lose!
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