Major Liquidation Alert on $ZEN
A $60.5K long position was liquidated at a price of $29.79, shaking the market with unexpected volatility.
This event highlights a potential liquidity crunch or a sudden shift in market dynamics.
If selling pressure continues, ZEN may test support at $27.50 or $26.80.
Upside Recovery: A bounce above $29 could push it toward $30.50 resistance.
Trading Strategy $ZEN :
Short-Term: Look for quick trades near $27.50 support or $29 resistance.
Long-Term: Wait for clear confirmation of direction before entering big positions.
Stay cautious, manage risk with stop-losses, and watch for volume spikes to signal the next big move!