$ENA Short Liquidation Alert
Massive short squeeze detected at $0.2807 with $1.14K liquidated!
The bears are starting to bleed, and this could be the beginning of a powerful upside reversal. Here's a full technical breakdown:
Buy Zone:
$0.2720 – $0.2820
This is the area where shorts got trapped. A high probability long entry zone as the market may push higher to hunt liquidity.
Target Levels:
• Target 1: $0.2950 – Minor resistance and quick profit zone
• Target 2: $0.3120 – Major resistance and previous support flip
• Target 3: $0.3380 – Breakout zone with potential for explosive move
Stop Loss:
Below $0.2660
If the price breaks below this level, momentum might shift back to bears. It's a key invalidation point.
Analysis Summary:
The short liquidation at $0.2807 signals panic among sellers. Price has likely hit a local bottom and is gearing up for a bullish move. If volume increases and price holds above $0.2800, expect a rally to retest higher resistance zones. The risk-to-reward is now favoring the bulls.