$ENA Long Liquidation Alert
💥 Liquidation Amount: $2,780.10
📉 Liquidation Price: $1.1603
A long liquidation just struck ENA, wiping out $2.78K at $1.1603! The bears have taken control, and longs are forced to exit as the price faces a sharp pullback, creating a powerful shift in market sentiment.
What’s Driving This Drop?
1️⃣ Bearish Reversal: After a brief rally, ENA hit resistance and reversed direction, triggering stop-loss orders and liquidating long positions.
2️⃣ Long Squeeze in Action: Over $2.7K in long positions were liquidated, creating added selling pressure that could push the price even lower.
3️⃣ Market Volatility: Such large liquidations can lead to significant price fluctuations—prepare for more volatility in the hours ahead.
What’s Next for ENA?
Support: $1.14—A key level to watch for potential stabilization and a possible rebound.
Resistance: $1.18—For the bulls to regain control, they’ll need to break through this level and reclaim upward momentum.
🚀 Trader’s Insight:
For Bears: Watch for continued downside if the price breaks below $1.14, signaling more bearish momentum.
For Bulls: Be cautious—any rebound could be short-lived in a market showing strong bearish pressure. Wait for a clear trend reversal before entering.
🔥 The Big Question: Will ENA find support and bounce back, or is this the beginning of a deeper correction? Share your thoughts and strategies below as we follow this intense long liquidation!