$ZEN Breaking Update on ZEN: A long position worth $3.5021K was liquidated at $17.634.

This signals significant market activity in ZEN.

Let’s explore the next potential moves and trading strategy to maximize profits.

ZEN Analysis: What’s Next.

Liquidations often hint at shifts in market sentiment.

Here’s the key information you need for ZEN’s next moves:

Buy Zone (Support):

$16.80 - $17.20

The buy zone indicates where buyers are likely to re-enter the market, creating strong support.

Look for confirmation before entering.

Target Levels (Take Profit):

1. $18.50 – First target, ideal for short-term traders.

2. $19.40 – Key resistance level watch closely for selling pressure.

3. $20.00 – Major psychological level possible long-term target.

Stop-Loss:

$16.50

Set a stop-loss below the buy zone to protect your capital in case of further drops.

Important Insights.

1. Price Action:

ZEN may show high volatility as traders adjust positions.

Monitor for sharp moves or consolidation near the buy zone.

2. RSI and Volume Indicators:

RSI below 30: Indicates oversold conditions, signaling a potential reversal.

Rising Volume: Confirms buying strength if prices bounce.

3. Macro Sentiment:

Watch Bitcoin (BTC) and other large-cap cryptocurrencies.

Their movements often impact altcoins like ZEN.

Pro Tip for ZEN Traders:

Use a staggered buying strategy in the buy zone to average your entry price.

Stay updated with real-time news to catch unexpected market events.

Disclaimer: This analysis is for educational purposes and not financial advice.

Always do your research and trade responsibly.

Let me know if you need live updates or adjustments to this strategy.

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