$ENA Here’s a detailed analysis for $ENA, based on the short liquidation data you provided. Keep in mind, this is not financial advice always do your own research before trading.


Market Analysis for $ENA.
Recent Update.
Short positions worth $1,381K were liquidated at the price of $0.9032, which means the price pushed up, causing short sellers to close their positions.
What It Means.
This indicates bullish momentum as buyers were strong enough to force a price surge.
Potential Buy Zone.
Based on current trends and support levels.
Buy Zone: $0.8800 - $0.9200
This zone is ideal for entering, as it aligns with strong support levels near $0.9032.
Target Levels.
Set your profit targets gradually to minimize risk.
1. Target 1: $0.9500
2. Target 2: $1.0000
3. Target 3: $1.0500
Stop Loss
Always use a stop loss to protect your capital.
Stop Loss.
$0.8600
Place this below the support zone to avoid unnecessary losses if the trend reverses.
Next Steps.
1. Monitor Volume.
Increasing volume at $0.9032 or above confirms bullish strength.
2. RSI Indicator.
If RSI is below 70 but trending upward, it suggests continued upward momentum.
3. News Impact.
Stay updated on $ENA related news for unexpected changes in price action.
Would you like me to explain how these levels were calculated or provide any additional tips for trading.
#ENA/USDT #GMTBurnVote BitwiseBitcoinETF #CryptoRegulation2025 BTCXmasOrDip?
ENA-3,62%
NOT-1,77%
OWN3,3%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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