$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.

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