Massive Action: $ENA Short Liquidation of $41.139K at $1.25423!
What Happened?
A huge short liquidation just took place, forcing traders who bet against ENA to buy back at $1.25423.
This signals strong buying pressure and a possible bullish momentum in the short term.
Important Details:
Liquidation Amount: $41,139
Price Liquidated At: $1.25423
Market Sentiment: Strong bullish vibes due to increased demand.
Next Move Suggestions:
1. For Buyers:
Look for entry if the price dips near $1.20 (support zone).
If ENA holds above $1.25 and breaks resistance, it might signal further gains.
2. For Sellers:
Wait for the price to test $1.30 (resistance) before considering selling.
Support & Resistance Levels:
Support Level: $1.20 (key level for buyers to step in).
Resistance Level: $1.30 (potential zone where sellers could appear).
Final Advice:
Buyers: Consider buying near $1.20–$1.25 if the bullish trend remains strong. Use a stop-loss below $1.20.
Sellers: Monitor $1.30 for a potential selling opportunity if the price struggles to break through.
Keep an eye on volume and market news to confirm trends!
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