$ZEN Long Liquidation Alert

A notable $12.458K was liquidated at $28.859, showing bearish pressure and forcing long positions to close.

What’s Next?

This liquidation event highlights seller strength, but it could also offer new trading opportunities. Here’s a detailed plan:

Buy Zone

Entry Range: $27.800 - $28.500

This area may act as a support zone for potential buying interest and recovery.

Target Levels

Target 1: $29.500 (short-term recovery zone)

Target 2: $30.500 (mid-term resistance)

Target 3: $32.000 (key breakout target)

Stop Loss

$27.500

Protect your position by setting a stop loss below recent support to minimize losses.

Key Insights

Bearish Momentum: The liquidation reflects sellers' dominance, so caution is essential.

Volume Confirmation: Increased buying volume in the buy zone could signal a potential reversal.

Market Conditions: $ZEN ’s price will likely be influenced by broader market sentiment and trends.

Pro Tips for Trading ZEN

1. Wait for Confirmation: Only enter once you see signs of stabilization or reversal near the buy zone.

2. Manage Your Risk: Stick to your stop-loss strategy and avoid over-leveraging.

3. Stay Updated: Monitor news about $ZEN and overall crypto market conditions for further insights.

Final Thought:

The ZEN liquidation creates both caution and opportunity. Trade wisely, stay disciplined, and watch for signs of recovery to make the most of this setup!

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