Heavy market selling pressure
$ENA has fallen below 0.80$ which indicates further decline i mean duh.. hahaha
I’ve seen lot of long positions got liquidated today thats is very unfortunate i closed my position at 0.77$ because i knew it wasn’t showing any recovery
5$ Million dollars worth of limit orders pending at 0.65$ and 4$ Million pending orders at 0.69$ soo I’m pretty sure price will drop below to that point. Perhaps even below 0.60$
My advice is don’t enter now . Long or short because we already closer to higher resistance zones soo be patient and wait till price drop below 0.65$ or rise above 0.80$ for long positions
If you wanna go short wait till price drop below 0.67$ and exit around 0.66$ , 0.65$ which is not recommended and you won’t get much of a profit on lower leverage anyway .