$ENS Long Liquidation Shockwave: $4.4106K Obliterated at $34.324
Key Details About the Liquidation:
A staggering $4,410.6K long position on Ethereum Name Service (ENS) was liquidated at the critical threshold of $34.324, sending shockwaves through the market.
This brutal event highlights the perils of over-leveraged trading as volatility decimates bullish confidence.
What Happened?
ENS faced a sharp downturn as the price breached key support levels.
The sell-off unleashed a cascade of liquidations, amplifying downward pressure.
This dramatic price move might have been driven by aggressive short-sellers, whale manipulation, or weak market sentiment across altcoins.
Next Move Prediction:
The liquidation has tilted market dynamics in favor of the bears.
If the price remains below $34.50, further declines are likely. Bulls, however, may attempt to stage a recovery if $34 acts as psychological support.
Support and Resistance Levels:
Immediate Support: $33.50 – Failure to hold this could lead to a drop toward $32.
Resistance: $35.50 – Bulls must reclaim this level to regain control and shift momentum.
Buy or Sell Recommendation:
Buy: Only consider buying if $ENS consolidates above $34.50 with strong volume.
Target $36 for a short-term move.
Sell: High-risk traders may short below $34.20, targeting $33.50 or lower, with stop-losses above $34.50.
Risk Management Advice:
Limit leverage to minimize exposure to sudden liquidations.
Use tight stop-loss orders to secure positions against violent market swings.
Monitor market sentiment and whale activity closely to anticipate potential reversals or further breakdowns.
This liquidation marks a decisive moment for $ENS , with the market at a critical crossroads.
Whether the bulls can mount a recovery or bears tighten their grip remains to be seen. Stay sharp, stay cautious, and trade with precision!
