$ZEN Long Liquidation Alert!
Liquidation Amount: $1,248.30
Key Price Level: $38.059
A major zen long liquidation has just hit the market, wiping out positions at $38.059 and signaling potential volatility ahead.
The bulls are under pressure, and this pivotal moment could lead to sharp moves in either direction!
Key Details:
1. Bearish Momentum: The liquidation reveals that bulls failed to defend $38.059, raising concerns about further downside potential.
2. Support Breakdown: If the $38.059 level doesn’t hold, $ZEN could target the $37.50-$37.80 range, a critical support zone where buyers might step in.
3. Market Sentiment: Liquidation events like this often lead to heightened market emotion, creating opportunities for both bulls and bears.
Next Moves:
For Bulls: Watch for a recovery at $37.50-$37.80.
A bounce in this zone could set the stage for a potential rebound toward $38.50.
For Bears: The market could continue its downward slide if $38.059 fails to reclaim.
Consider shorting with targets at $37.50, but keep stops tight.
For Neutral Traders: Monitor volume and RSI for signs of oversold conditions—this could hint at a reversal or indicate further downside.
$ZEN is in a critical phase—get ready for fast-paced action and stay nimble!