$ALPACA Just hold your short position because it will soon hit your liquidation price and the funding fee will change to -2% again. Still not discouraged you open a short position even though the dealer will not throw it away before you cut your losses.
$ENA Surges – $6.32K Short Liquidation at $0.36654!
A $6,320.60 short position was liquidated at $0.36654, indicating a strong bullish shift for ENA. Shorts are getting squeezed, and the upward momentum could continue. Here’s your setup:
Buy Zone: $0.355 – $0.365 (wait for a small dip or consolidation)
Target 1: $0.380
Target 2: $0.400
Stop Loss: $0.345
This liquidation signals potential for further gains. Monitor volume and price action to confirm the trend. If support holds, ENA could continue its rise.
Since the last inquiry, ENA has reached its target. The main trend is now shifting to the daily chart, where a bottom structure reversal may occur. Your short position might get stuck.