$ZEN Liquidated Long: $3.6425K at $44.475
A $3.6425K long position on ZEN was liquidated at $44.475, showing continued pressure on the bullish momentum.
Insights:
Market Dynamics: The liquidation suggests that upward momentum is losing steam. Buyers failed to hold critical price levels, resulting in forced exits.
Support/Resistance: The $44.50 level remains key. If the price continues below this, a deeper pullback to around $43 could occur.
Strategy:
For Traders: Keep an eye on the $44.50 range for any potential rebounds or breakdowns. Tighten stop-loss orders and consider short opportunities if further downward movement is confirmed.
Caution: High volatility may persist; be prepared for rapid price fluctuations.
The pressure is building—remain alert for any potential shifts!
