🚨 $ENA LONGS GET CAUGHT IN THE DOWNTREND — $149K WIPED OUT!
A fresh liquidation shock has hit Ethena! $149,000 in leveraged long positions disappeared at $0.147, adding another warning sign for buyers trying to defend the market.
📊 Liquidation Breakdown
- Coin: Ethena (ENA)
- Liquidated Positions: L$ong
- Total Liquidation: $149,000
- Liquidation Price: $0.147
🎯 Important Price Levels
- Immediate Resistance: $0.155
- Major Resistance: $0.157–$0.161
- First Support: $0.145
- Critical Support: $0.141
- Further Downside: $0.132
⚔️ WHAT'S NEXT FOR ENA?
My short-term outlook favors sellers until ENA establishes a convincing recovery.
🔻 Bearish Scenario: A confirmed breakdown below $0.145 could expose $0.141. If that level fails, $0.132 becomes the next important downside zone.
🟢 Bullish Recovery: If buyers reclaim $0.155 and break through $0.157, a recovery toward $0.161 could develop.
💡 PRO TRADER'S VERDICT
SHORT-TERM BIAS: BEARISH 📉
I would wait for a rejection near resistance or a confirmed support breakdown before considering a short entry. Avoid chasing the move after liquidation.
The $0.145 region is the immediate battleground. If buyers cannot defend it, ENA could face another difficult session!
#ENA
#Ethena
#CryptoTrading
#AIChipSlumpNasdaq #BitcoinFiveWeeklyLosses
A fresh liquidation shock has hit Ethena! $149,000 in leveraged long positions disappeared at $0.147, adding another warning sign for buyers trying to defend the market.
📊 Liquidation Breakdown
- Coin: Ethena (ENA)
- Liquidated Positions: L$ong
- Total Liquidation: $149,000
- Liquidation Price: $0.147
🎯 Important Price Levels
- Immediate Resistance: $0.155
- Major Resistance: $0.157–$0.161
- First Support: $0.145
- Critical Support: $0.141
- Further Downside: $0.132
⚔️ WHAT'S NEXT FOR ENA?
My short-term outlook favors sellers until ENA establishes a convincing recovery.
🔻 Bearish Scenario: A confirmed breakdown below $0.145 could expose $0.141. If that level fails, $0.132 becomes the next important downside zone.
🟢 Bullish Recovery: If buyers reclaim $0.155 and break through $0.157, a recovery toward $0.161 could develop.
💡 PRO TRADER'S VERDICT
SHORT-TERM BIAS: BEARISH 📉
I would wait for a rejection near resistance or a confirmed support breakdown before considering a short entry. Avoid chasing the move after liquidation.
The $0.145 region is the immediate battleground. If buyers cannot defend it, ENA could face another difficult session!
#ENA
#Ethena
#CryptoTrading
#AIChipSlumpNasdaq #BitcoinFiveWeeklyLosses