$ZEN Long Liquidation Alert.

$29.35K liquidated at $28.45.

Traders holding long positions in $ZEN got hit HARD as the price dropped to $28.399, triggering a massive $29,350 liquidation. This signifies the brutal volatility of the market and the risks of leveraged trading.

What Happened.

Liquidation Level Breached: The price of $ZEN dipped to $28.399, wiping out leveraged long positions.

Market Movement: Bears took control, forcing longs to cover their positions or face liquidation.

Implications: Large liquidations like this often fuel further price movements due to cascading stop losses or margin calls.

Why Does It Matter.

High Volatility: Liquidations of this size indicate strong bearish pressure.

Whale Activity: Such liquidation levels often hint at manipulation or big players shaking the market.

Key Levels to Watch:

Support: $28.399 (recent low)

Resistance: $29.50 (psychological barrier)

Trader’s Takeaway.

Risk Management is Crucial: Use proper stop-losses and manage leverage.

Opportunities Ahead: After liquidations, markets may see a reversal or further breakdown. Watch closely.

How thrilling was that.

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