Market Shock: $ENA Long Liquidation of $118K at $0.936
A massive $118,000 long position in $ENA has been liquidated at $0.936, sending ripples through the market and hinting at growing volatility.
Key Details:
Coin: $ENA
Liquidation Amount: $118,000
Liquidation Price: $0.936
Next Move:
The market could face more selling pressure if it breaks below key support, but a rebound could signal buyer interest.
Support and Resistance Levels:
Support: $0.920 (critical to hold)
Resistance: $0.960 (must break for recovery)
Buy or Sell Recommendation:
Sell if the price dips below $0.920, potentially targeting $0.900 or lower.
Buy only if $ENA pushes above $0.960 with strong volume, aiming for $1.00 next.
Set a stop loss at $0.915 for sells and $0.950 for buys to protect your position.
Trade cautiously!