$ZEN Long Liquidation: $2.5K Wiped Out at $28.219! The Bulls Face a Brutal Hit!
A major $2.5369K $ZEN long position has been liquidated at $28.219, shaking confidence in the market as long holders fail to hold their ground.
This signals rising bearish pressure and a potential breakdown of key support levels.
Key Details:
1. Liquidation Summary:
Amount Liquidated: $2.5369K ZEN
Liquidation Price: $28.219
2. Market Sentiment:
The liquidation indicates overleveraged longs have been wiped out, suggesting ZEN's price could face further downside pressure.
Suggested Next Moves:
1. For Short-Term Traders:
Watch Critical Levels: Closely monitor support at $27.50—a break below could trigger accelerated selling.
Short Opportunity: If bearish momentum continues, look for short setups with tight stop-losses above $29.
2. For Long-Term Investors:
Reassess positions and consider waiting for a solid bottom near $25-$26 before adding to holdings.
3. Risk Management:
Avoid high leverage in current volatile conditions.
Use stop-losses to protect against unexpected market reversals.
This liquidation is a wake-up call for overleveraged traders.
Volatility is surging—trade smart and keep your eyes on the charts!