🚨 ENA JUST FLUSHED $79.8K OF LEVERAGED LONGS
🔴 #ENA Liquidated Long: $79.8K @ $0.242
The $0.242 print is now a key market reference. With nearly $80K in long exposure forcibly closed, weak-handed buyers have been cleared — but that does not automatically confirm a bottom.
📍 THE NEXT TEST
🟢 Recovery trigger:
ENA reclaims $0.242 and successfully holds above it → selling gets absorbed → a relief bounce could gain momentum.
🔴 Breakdown trigger:
Price remains below $0.242 and every recovery attempt gets rejected → sellers retain control → another liquidity hunt toward lower levels becomes possible.
🎯 My Read:
I’m keeping a cautious bearish bias below $0.242. The more convincing long setup would be a clean reclaim followed by a successful retest. Until then, catching the first bounce carries added risk after a liquidation event.
🔥 $79.8K has already been wiped. Now ENA needs to prove whether $0.242 becomes a launchpad — or a ceiling.
⚠️ Trade the confirmation, keep leverage controlled, and protect your downside.
🔴 #ENA Liquidated Long: $79.8K @ $0.242
The $0.242 print is now a key market reference. With nearly $80K in long exposure forcibly closed, weak-handed buyers have been cleared — but that does not automatically confirm a bottom.
📍 THE NEXT TEST
🟢 Recovery trigger:
ENA reclaims $0.242 and successfully holds above it → selling gets absorbed → a relief bounce could gain momentum.
🔴 Breakdown trigger:
Price remains below $0.242 and every recovery attempt gets rejected → sellers retain control → another liquidity hunt toward lower levels becomes possible.
🎯 My Read:
I’m keeping a cautious bearish bias below $0.242. The more convincing long setup would be a clean reclaim followed by a successful retest. Until then, catching the first bounce carries added risk after a liquidation event.
🔥 $79.8K has already been wiped. Now ENA needs to prove whether $0.242 becomes a launchpad — or a ceiling.
⚠️ Trade the confirmation, keep leverage controlled, and protect your downside.