$ZEN
Long Liquidation Shockwave! š„
A $1,941.1 long position just got liquidated at $28.757, and the bears are taking control! The market has turned, leaving bulls reelingāare we in for further declines, or is this just a temporary setback before another rise?
š„ What This Means:
A liquidation like this can fuel downward pressure and trigger more sell-offs in the short term.
With $28.757 breached, traders will now be watching for potential support levels to see if a reversal is coming.
š Strategy Alert:
For Bears: The momentum could be on your side for nowāhow much further can ZEN drop?
For Bulls: Is this a dip to buy, or should you wait for stronger confirmation of support?
ā” Market Action:
ZEN's volatility has been testedāexpect rapid moves as liquidations ripple through the market.
Monitor volume closely to gauge if this drop is an opportunity or just the beginning of a deeper correction.
š¬ Whatās Your Move? Will ZEN find its footing, or is the downtrend here to stay? Drop your insights and strategies below!