$ENA just saw $5.3809K in long liquidations around $0.09112, and this is the kind of data I don’t ignore. Long traders were forced out, which tells me sellers currently have an opportunity to control the next move.
I’m watching $0.09112 as the main reference level. If price stays below this area and every bounce gets rejected, they could continue pushing $ENA lower.
🎯 Entry: $0.0908 – $0.0915
TP1: $0.0890
TP2: $0.0872
TP3: $0.0850
🛑 SL: $0.0935
This is why you need to watch the reaction carefully. If $ENA breaks $0.0890 with strong volume, the next downside target can come quickly. The liquidation zone may continue acting as resistance if buyers fail to reclaim it.
If you want to take this setup, I’d look for a clean rejection rather than chasing a large red candle. My search and analysis point toward $0.09112 as the important decision zone.
What's the condition? $ENA needs to remain below $0.0935. A strong recovery above that level would weaken the short idea.
$ENA — BEARISH PRESSURE 📉
