⚠️$ ENA BUYERS UNDER PRESSURE! LEVERAGED LONGS ARE GETTING SWEPT OUT!
Ethena has recorded another liquidation event, with $69,600 in long positions wiped out at $0.152. This suggests that bullish traders entered with leverage but couldn't withstand the selling pressure.
The important question now: Is ENA preparing for another downside leg, or are sellers approaching exhaustion?
📍 ENA Market Watch
- Liquidation Point: $0.152
- Key Pivot: $0.150
- Resistance 1: $0.155
- Resistance 2: $0.160
- Support 1: $0.148
- Support 2: $0.145
📉 My Trading Outlook
The short-term setup looks fragile while ENA remains below $0.155.
🔻 Bearish Route: A decisive break below $0.148 could accelerate selling toward $0.145, with further downside possible if momentum weakens.
🔺 Bullish Recovery: If ENA holds above $0.150 and reclaims $0.155, buyers could attempt a recovery toward $0.160.
🎯 Signal Provider Strategy
My current bias is cautiously bearish. I would wait for confirmation below $0.148 before considering a short setup. A sustained reclaim of $0.155 would invalidate this bearish outlook.
🔥 The Bigger Picture: $69.6K in liquidated longs puts the spotlight on ENA's ability to defend its support. The next confirmed breakout or breakdown could set the tone for its short-term direction.
⚠️ Trade with discipline. Use stop-loss protection and never treat liquidation data as a guaranteed price prediction.
#ENA
#CryptoSignals
#AltcoinTrading
#AIChipSlumpNasdaq #TradFiForBeginners
Ethena has recorded another liquidation event, with $69,600 in long positions wiped out at $0.152. This suggests that bullish traders entered with leverage but couldn't withstand the selling pressure.
The important question now: Is ENA preparing for another downside leg, or are sellers approaching exhaustion?
📍 ENA Market Watch
- Liquidation Point: $0.152
- Key Pivot: $0.150
- Resistance 1: $0.155
- Resistance 2: $0.160
- Support 1: $0.148
- Support 2: $0.145
📉 My Trading Outlook
The short-term setup looks fragile while ENA remains below $0.155.
🔻 Bearish Route: A decisive break below $0.148 could accelerate selling toward $0.145, with further downside possible if momentum weakens.
🔺 Bullish Recovery: If ENA holds above $0.150 and reclaims $0.155, buyers could attempt a recovery toward $0.160.
🎯 Signal Provider Strategy
My current bias is cautiously bearish. I would wait for confirmation below $0.148 before considering a short setup. A sustained reclaim of $0.155 would invalidate this bearish outlook.
🔥 The Bigger Picture: $69.6K in liquidated longs puts the spotlight on ENA's ability to defend its support. The next confirmed breakout or breakdown could set the tone for its short-term direction.
⚠️ Trade with discipline. Use stop-loss protection and never treat liquidation data as a guaranteed price prediction.
#ENA
#CryptoSignals
#AltcoinTrading
#AIChipSlumpNasdaq #TradFiForBeginners