🚨 Short Liquidation Alert! 🚨
$ENA just witnessed a short liquidation of $9,842.8 at a critical level of $1.2885. This move has shaken the market, potentially setting up explosive opportunities. Are you ready to make your next move? Let’s analyze!
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Key Levels to Watch
1️⃣ Buy Zone: $1.2600 - $1.2900
This range could act as a strong support area for buyers. Look for bullish signals like sharp rebounds, higher lows, or strong green candles to confirm.
2️⃣ Target 1: $1.3400
If $ENA bounces from the buy zone, it may target this resistance level. A breakout above $1.3400 could trigger a bigger rally.
3️⃣ Target 2: $1.4000
With strong bullish momentum, $ENA could surge toward this level, offering excellent profit potential for swing traders.
4️⃣ Stop Loss: $1.2400
Place a stop below this level to protect your capital. If $1.2400 breaks, it may signal a bearish trend continuation.
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Market Outlook
🔹 Bullish Scenario:
The short liquidation may signal that sellers have been wiped out, paving the way for buyers to take control. A solid rebound from $1.2600-$1.2900 could push ENA toward $1.3400 and beyond.
🔹 Bearish Scenario:
If ENA breaks below the buy zone and loses $1.2400, it could fall to lower support levels around $1.2000. Stay cautious if selling pressure intensifies.
Keep an eye on trading volume. A surge in volume near the buy zone is often a sign of strong buying interest. Always wait for confirmations before entering trades.
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This is NOT financial advice. Do your research and manage your risk wisely before trading.
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What’s your plan for $ENA? Will you catch the rebound or wait for the breakout? Let’s trade smart and aim for success! 🚀
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