$ZEN
🚨 $ZEN Long Liquidation Alert! 🚨
A massive $2.4687K worth of long positions for zen was liquidated at $23.66—sending shockwaves through the market! 📉 Here’s what’s happening:
🔴 What Happened?
zen saw a huge liquidation of long positions, triggering a dip at $23.511.
Traders holding long positions were caught off guard as the price fell, leading to automatic sell-offs. This suggests heavy leverage in the market.
📊 What This Means:
Bearish Sentiment: This liquidation event could signal a shift, with further downward pressure if the trend continues.
Key Levels to Watch: Look for potential support levels—if the price fails to hold, we could see more liquidations and a deeper retracement.
👀 For Traders:
Caution: If you're holding $ZEN, monitor resistance at $23.511.
Watch Support: Look for key bounce opportunities around support levels. A break below them could indicate more bearish moves.
💡 What to Expect: The next few hours will be critical—failure to reclaim higher levels could lead to further liquidations and downward momentum.
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