Bullish Breakout Signal – $ENA /USDT

Asset: $ENA (Ethena)

Short Liquidation Alert: $17.78K at $0.3357 – short pressure flushed out, setting the stage for an upside breakout.

Market Overview

ENA just triggered a notable short liquidation around the $0.335 level — a key support that now serves as a foundation for bullish continuation.

This shakeout of bears suggests rising demand and possible trend acceleration if key resistance levels are cleared.

Trade Setup

Entry Strategy:

Pullback Entry: $0.336 – $0.342 (ideal accumulation zone)

Breakout Entry: Above $0.348 on a strong candle close with volume

Stop-Loss Placement:

🔻 Below $0.328 – under liquidation zone and key structural support

Bullish Price Targets:

🎯 Target 1: $0.356

🎯 Target 2: $0.368

🎯 Target 3: $0.385 – high-timeframe resistance and profit-taking zone

Key Technical Levels

Support: $0.328 / $0.3357

Breakout Trigger: $0.348

Major Resistance: $0.385

Sentiment Analysis

Shorts just got squeezed out as price held firm above the $0.335 zone. Momentum is shifting bullish, with volume increasing and volatility contracting — a recipe for a clean breakout setup if price pushes above $0.348.

Strategy Play

Watch for confirmation of a 15m–1H breakout above $0.348.

Early entries on dips near $0.336 can offer excellent R:R setups.

A breakout from current levels could attract momentum buyers and force further short covering.

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