$ENA
: Are Sellers Taking Control After This Liquidation?
A $15.92K long liquidation at $0.1592 tells me that buyers who entered earlier are facing pressure. This is worth watching because forced selling can create two different outcomes: a deeper correction or a quick recovery if buyers step back in. I would not rush into a short position just because longs were liquidated. The key is whether ENA fails to reclaim the liquidation area or starts building support below it.
My Trade Plan
* Entry Zone: $0.1565–$0.1590
* Target 1: $0.1689
* Target 2: $0.1780
* Stop Loss: $0.1530
* Confirmation: 1H candle closes above $0.1620 with stronger buying volume.
The daily trend remains weak, so this is a conditional recovery setup, not a confirmed reversal. If ENA breaks below $0.1566, I would avoid buying and wait for a new base. COINOTAG +1
One question: Will buyers defend this level or allow another drop?#JobsReportRaisesHikeOdds #CPITestsDecemberRateOutlook
: Are Sellers Taking Control After This Liquidation?
A $15.92K long liquidation at $0.1592 tells me that buyers who entered earlier are facing pressure. This is worth watching because forced selling can create two different outcomes: a deeper correction or a quick recovery if buyers step back in. I would not rush into a short position just because longs were liquidated. The key is whether ENA fails to reclaim the liquidation area or starts building support below it.
My Trade Plan
* Entry Zone: $0.1565–$0.1590
* Target 1: $0.1689
* Target 2: $0.1780
* Stop Loss: $0.1530
* Confirmation: 1H candle closes above $0.1620 with stronger buying volume.
The daily trend remains weak, so this is a conditional recovery setup, not a confirmed reversal. If ENA breaks below $0.1566, I would avoid buying and wait for a new base. COINOTAG +1
One question: Will buyers defend this level or allow another drop?#JobsReportRaisesHikeOdds #CPITestsDecemberRateOutlook