$ENA
has recorded a short liquidation worth $13.44K near the $0.08381 level on Binance. This means short sellers were forced to close their positions as the price moved higher. Short liquidations often strengthen buying pressure and can support a continued rally if buyers remain active.
The current price action shows improving momentum. However, smart traders wait for a pullback into support instead of buying after a fast move. A strong hold above support could open the way for another leg higher.
Market Bias: Bullish while the price remains above the support zone.
Trade Setup
Buy Zone:
$0.0830 - $0.0840
Take Profit:
TP1: $0.0865
TP2: $0.0895
TP3: $0.0930
Stop Loss:
$0.0815
Trading Plan:
Watch for the price to hold inside the buy zone with increasing buying volume. If ENA breaks above $0.0865, bullish momentum may become stronger and push the price toward the higher targets. If the price drops below $0.0815, the current setup becomes invalid, and waiting for a new opportunity is the better choice.
Risk management is the key to long-term success. Always trade with a planned stop loss.
has recorded a short liquidation worth $13.44K near the $0.08381 level on Binance. This means short sellers were forced to close their positions as the price moved higher. Short liquidations often strengthen buying pressure and can support a continued rally if buyers remain active.
The current price action shows improving momentum. However, smart traders wait for a pullback into support instead of buying after a fast move. A strong hold above support could open the way for another leg higher.
Market Bias: Bullish while the price remains above the support zone.
Trade Setup
Buy Zone:
$0.0830 - $0.0840
Take Profit:
TP1: $0.0865
TP2: $0.0895
TP3: $0.0930
Stop Loss:
$0.0815
Trading Plan:
Watch for the price to hold inside the buy zone with increasing buying volume. If ENA breaks above $0.0865, bullish momentum may become stronger and push the price toward the higher targets. If the price drops below $0.0815, the current setup becomes invalid, and waiting for a new opportunity is the better choice.
Risk management is the key to long-term success. Always trade with a planned stop loss.