$ENA Short Liquidation Alert: $2.1152K at $0.3011
A surge in short liquidations is often the spark before a breakout. With $2.1K worth of shorts wiped out at $0.3011, ENA may be signaling a potential reversal or an aggressive continuation. This level becomes a critical psychological pivot, and the price action around it deserves attention.
Technical Analysis for $ENA /USDT
Current Price Zone:
$0.2950 – $0.3050
This is the high-pressure zone where shorts are getting squeezed. Volume spikes and aggressive buys can follow such liquidations.
Buy Zone:
$0.2920 – $0.3010
Accumulation in this zone suggests smart money interest. Look for a consolidation with higher lows forming above $0.2920.
Targets:
Target 1: $0.3180
This is the nearest resistance and a logical first take-profit zone.
Target 2: $0.3350
Breakout continuation could drive price to this level where prior supply may appear.
Target 3: $0.3620
If bulls gain momentum, this is where the next macro resistance lies.
Stop Loss:
$0.2845
A close below this level invalidates the bullish structure and could trigger a sell-off or deeper correction.
Conclusion:
The liquidation at $0.3011 may have opened the door for a bullish push. If the price holds above $0.2920 and builds strength, $ENA could surprise the bears. Traders should watch closely—this could be the calm before a storm.