$ZEN Long Liquidation Alert: $9.6849K at $27.671
In a sudden jolt to the market, a $9.6849K long position in $ZEN (Horizen) was liquidated at the critical price level of $27.671, sending a clear signal of growing volatility and potential bearish sentiment surrounding the asset.
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The liquidation occurred as ZEN failed to hold its support at $27.671, forcing the closure of this leveraged long position.
This highlights the growing pressure on buyers as bears gain control, leading to sharp moves and increased risks for leveraged traders.
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Key Insights
1. Growing Bearish Momentum:
Breaking below the $27.671 mark suggests a deeper market correction, with bearish sentiment taking precedence.
2. Cascading Liquidations Risk:
Although smaller in scale compared to major liquidations, this event could signal the start of a chain reaction if other
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