$ZEN Liquidation Alert
A sharp long liquidation just struck, with $7.5799K in positions liquidated at $28.178.
What Does This Mean?
Long traders who anticipated further upside are now feeling the heat. This liquidation could fuel a downward move as additional selling pressure enters the market. The $28.178 level is now pivotal, potentially acting as resistance in the short term.
Key Takeaways:
$28.178 has transformed into a critical resistance zone, possibly limiting bullish movement.
Watch for continued volatility as more positions are likely to unwind, creating opportunities for further price action.
The market is on edge—$ZEN could face a sharp pullback unless bullish momentum reignites soon.