šØ $ENS Under Pressure: $39.34K Long Liquidation at $33.23 šØ
A massive $39.34K long liquidation just hit $ENS at $33.23, sparking major market movement! With volatility kicking in, smart traders need a clear strategy to take advantage of the next move.
Market Insight
This liquidation shows bulls losing momentum as sellers dominate. However, such sharp corrections often create opportunities for recovery if buyers step in at key levels.
Trading Plan for $ENS
Buy Zone: $31.50 ā $32.80
(Look for signs of stabilization or bullish reversal before entering this range.)
Targets:
šÆ Target 1: $34.50
šÆ Target 2: $36.00
šÆ Target 3: $38.00 (if momentum builds strongly!)
Stop Loss: $31.00 (Protect your position if sellers push below this level.)
Key Factors to Watch
1. Volume Confirmation: Watch for a surge in volume near the buy zone, which could indicate strong buyer activity.
2. Reversal Signals: Look for bullish candles like hammers or engulfing patterns to confirm a reversal.
3. Breakout Point: A move above $33.80 could signal that buyers are regaining control and driving prices higher.
ā ļø Pro Tip: Manage your risk wisely. Volatility offers big opportunities but also significant risksātrade only when the market confirms your setup.
ENS is at a crucial level. Will the bulls reclaim control, or will the bears push it further down? The next move could be decisiveāstay sharp and trade smart! š
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