$ENA Liquidated Long Update
A massive long position worth $84.7K was liquidated at $0.963, suggesting a significant price movement.
This could create opportunities if you plan carefully.
What Happened?
Liquidations often indicate a sudden drop in price due to high volatility or panic selling.
This means many traders with long positions got wiped out, creating a chance for smarter trades.
What’s Next?
The market may either:
1. Continue dropping as bearish pressure builds.
2. Rebound sharply as buyers rush in to take advantage of the dip.
Here’s a clear plan for your next trade:
Trading Plan: #ENA
Buy Zone:
Look for entries between $0.880 - $0.920.
This range has strong potential for a bounce as buyers regain control.
Always wait for confirmation (e.g., a candlestick reversal or higher volume).
Targets:
Target 1: $1.05 (Short-term resistance level).
Target 2: $1.15 (Strong breakout point if momentum continues).
Stop Loss:
Set your stop-loss at $0.850.
If the price breaks below this, it could signal more downside. Protect your capital.
Pro Tips
1. Wait for confirmation: Don't rush in; ensure the price stabilizes in the buy zone.
2. Use proper risk management: Only risk 1-2% of your capital on this trade.
3. Watch the volume: A surge in volume can confirm a strong rebound.
4. Stay updated: Monitor market news and sentiment around #ENA.
#BinanceHODLerMOVE #BURNGMT #MarketCorrection #BuyTheDipOrWait