$ENA just faced a major liquidation event, with $102K in long positions wiped out at the critical level of $0.827. What started as an optimistic bull run has turned into a harsh reality check for traders, as cascading liquidations left heavy losses in their wake.
This isn’t just a minor setback—it could signal a major shift in market sentiment. The break below $0.827 raises concerns about further downside potential, putting $ENA on the edge of a deeper decline. Traders are now left questioning whether a recovery is on the horizon or if this marks the start of a prolonged downtrend.
Volatility remains high, and the market's next move could lead to either a sharp rebound or further capitulation. Brace yourself—$ENA’s future remains uncertain, and only the most prepared will weather the storm.