$ZEN Long Liquidation Alert.

Massive $2.1925K Liquidation at $28.56.

The market has just witnessed a major liquidation in the $ZEN position, as $2.1925K worth of long positions were liquidated at the price of $30.409. This is a huge shake-up in the market, signaling intense volatility.

What does this mean for traders.

The sudden liquidation suggests that there might have been a significant price drop that triggered stop-loss orders for long positions. This could indicate increased market pressure or a potential price reversal in the near future. Traders need to stay alert.

Key Insights:

Liquidation Amount: $2.1925K

Liquidation Price: $30.409

Position Type: Long

What to watch for:

Is this a sign of further downward movement in $ZEN

Will market sentiment shift or will bulls regain control.

Keep your eyes on the next key support and resistance levels for potential trade setups.

Trade cautiously.

Liquidations like this are a clear reminder of the risks in volatile markets. Always stay prepared with proper risk management strategies.

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