$ZEN Long Liquidation Alert: A Big Shift on the Horizon!

A significant long liquidation of $12,251 just occurred at $27.431 for $ZEN. This means traders betting on a price increase were forced to exit, adding selling pressure. The market may now be gearing up for its next decisive move.

Let’s break it down and create a strategy to trade $ZEN effectively.

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Market Analysis

1. Current Situation:

The liquidation level of $27.431 is critical and could either act as a resistance or a pivot for recovery.

Selling pressure suggests the price may test lower support zones.

2. Key Levels to Watch:

Support Zone (Buy Area): $26.50 - $27.00

Resistance Zone: $28.00 - $28.50

Trade Setup

1. Buy Zone: Accumulate between $26.60 - $27.00 if the price stabilizes or shows a bounce.

2. Targets:

Target 1: $28.00

Target 2: $29.20 (if upward momentum strengthens)

3. Stop Loss: Place a stop loss below $26.30 to minimize risk.

Tips for This Trade

Monitor volume spikes and RSI for signs of reversal or strength.

If ZEN drops below $26.50, avoid entering, as it could indicate deeper bearish movement.

Keep track of broader market trends and any news impacting $ZEN.

What’s Next?

ZEN is at a critical juncture. A successful defense of the $27 zone could pave the way for a strong bounce, while a breakdown might bring further declines. Trade cautiously, stick to your plan, and be ready for the next big move!

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