$ENJ Just Faced a Shakeout!
$2.46K Long Liquidation Crashed at $0.0888 – Are the Bulls Still Breathing?
After a mini bloodbath at $0.0888, weak longs got flushed out with $2.46K in liquidations. This could be a perfect trap before the bounce!
Chart Speaks – Analysis Below:
Buy Zone:
$0.0870 - $0.0890
(Accumulation likely happening after long liquidation – smart money might be stepping in)
Immediate Resistance:
$0.0925
$0.0960 (Break above this confirms strength)
Target Levels:
Short-Term: $0.0945
Mid-Term: $0.0998
Moon Target: $0.1050 (if volume & BTC cooperate)
Stop Loss:
$0.0849 (Just under the recent wick lows – keeps risk tight)
Why This Matters:
This long liquidation at $0.0888 might be a fakeout to shake weak hands. Volume was thin, and price bounced quickly, indicating buying interest.
If $ENJ holds above $0.0890 for the next few candles, we might see a swift recovery and a potential trend reversal.