$ZEN Short Liquidation occurred at $5.4432K with the liquidation price at $38.577.
Entry: The short position on $ZEN was initiated with the expectation of a price decrease.
Target: The target was set for a lower price, but market conditions reversed unexpectedly.
Stop Loss: Stop loss was triggered at $38.577, leading to the forced closure of the short position.
$ZEN saw a price increase contrary to expectations, causing liquidation when the price surpassed the stop loss.
Win/Loss Ratio: The trade resulted in a loss, as the position was closed out at a higher price than the entry point.
Action Plan:
Review market conditions more closely before entering short positions on $ZEN.
Adjust stop loss levels to ensure better protection against sudden price reversals.
Focus on risk management techniques to avoid large losses from unfavorable market movements.
ZEN strategy should prioritize better market forecasting and tighter control over entry and exit points to reduce risks.