$ENS Short Liquidation: $3.6795K at $32.504
A $3.6795K short liquidation at $32.504 has sparked strong bullish momentum in the $ENS market.
This event suggests buyers are seizing control, potentially driving prices to higher levels in the near term.
Key Details:
The price surge past $32.504 triggered the liquidation, indicating significant buying pressure.
Current momentum points to an upward trajectory, with resistance near $34 in focus.
Next Move:
1. For Long Traders:
Target $34 and $35 if bullish momentum sustains.
Consider adding positions on pullbacks to $32-$32.20 with confirmation of support.
2. For Short Traders:
Avoid new shorts unless $34 is rejected decisively.
Watch for potential weakness below $32.50 before re-entering.
Stop Loss Suggestions:
For longs, place stop-losses below $31.80 to secure gains and mitigate risks.
For shorts, set stop-losses above $34.20 to limit exposure to further upside moves.
This liquidation marks a pivotal point for $ENS .
Stay vigilant, as a break above $34 could trigger even more aggressive buying.