🚨 $ENA Liquidated Short: $73.5K at $0.967 – Key Levels and Next Moves 🚨
Liquidation at $0.967 signals high volatility. Watch the $0.950-$0.960 buy zone for potential rebounds. Targets: $1.05-$1.15. Stop loss: Below $0.930 to manage risk. Stay sharp and trade strategically!
🚨 $ENA Liquidated Short: $73.5K at $0.967 - What’s Next? 🚨
Hey traders, big action alert! A short position on $ENA was liquidated at $0.967, involving $73.5K. This could signal significant price action ahead for #ENA. Let’s break it down and plan strategically.
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🔑 Key Observations:
1️⃣ Liquidation at $0.967
Indicates high volatility around this level, which may act as a support or resistance zone.
2️⃣ Market Sentiment
If we observe additional liquidations or significant buy orders, it could suggest bullish momentum building up.
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📈 Buy Zone:
Zone: $0.950 - $0.960
Why: Close to the liquidation level, where buying pressure might trigger a rebound.
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🎯 Targets:
First Target: $1.05
Extended Target: $1.15 (if momentum holds).
Reason: Retracement toward key resistance or psychological levels post-liquidation.
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🔒 Stop Loss:
Level: Below $0.930
Why: Safeguard against a bearish reversal if the price breaks below this zone.
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✅ What’s Next?
1️⃣ Watch for accumulation or buying pressure in the $0.950 - $0.960 range.
2️⃣ A break below $0.930 could signal a bearish shift—be prepared to reassess.
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🧠 Conclusion:
#ENA is at a critical juncture, offering a potential bounce opportunity. Keep an eye on key levels and manage risk effectively. Trading is about timing, so stay sharp and adapt to the market's signals.
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Current Price: $0.9475 (+5.65%)
