$ZEN Long Liquidation Alert

A liquidation of $7,561.1 occurred at the price of $36.58.

This indicates that recent buyers in the market have been shaken out. What does this mean, and how can we take advantage of the situation? Let’s dive in!

Market Analysis

Liquidations often show strong reactions in the market. After this, ZEN might either:

1. See further selling pressure as the momentum continues.

2. Find a bounce zone as new buyers step in.

Key Levels to Watch

Buy Zone: $34.50 - $35.50

This is a critical support area. If the price reaches this range and shows signs of stability, it could be a good entry point.

Target Levels:

Target 1: $38.50 (Short-term resistance)

Target 2: $40.00 (Psychological level and next strong resistance)

Stop Loss: $33.90

Place your stop below the key support to minimize risk in case the price drops further.

Trading Strategy

1. Wait for the price to approach the Buy Zone.

2. Look for confirmation like bullish candles or increasing volume before entering a trade.

3. Stick to the plan—don’t chase the market and always use the Stop Loss.

Risk Management

Never risk more than 2% of your capital on a single trade. This ensures you stay in the game even if the market doesn’t go your way.

Pro Tip

Keep an eye on broader market conditions. If Bitcoin or other major assets are volatile, ZEN could follow their lead.

Stay patient and trade smart! Let the market come to you—don’t rush in without a plan.

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