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$ENJ — Liquidity sweep tests bullish conviction.
Long $ENJ
Entry: 0.0358 – 0.0368
SL: 0.0342
TP1: 0.0385
TP2: 0.0410
TP3: 0.0450
A notable $3.26K long liquidation just hit ENJ at $0.03659, forcing leveraged bulls out of the market and triggering a short-term liquidity sweep. The move highlights increased volatility and confirms that excess leverage is being flushed from the market.
Price is now trading near a key support zone where buyers may begin stepping back in. Liquidation-driven pullbacks often remove weak hands and create healthier conditions for a potential recovery once selling pressure starts to fade.
If ENJ holds the 0.0358–0.0368 support zone and reclaims 0.0385 resistance, momentum could quickly shift back toward the bulls. With leverage reset and downside pressure beginning to stabilize, the setup remains favorable for a rebound toward higher targets as market confidence gradually returns.