$ZEN
Liquidated Long: $8.9081K at $41.588
An $8.9081K long position on ZEN was liquidated at $41.588, underscoring a significant market event as sellers maintained dominance.
Key Observations:
Liquidation Impact: This reflects increased selling pressure, potentially setting the stage for further declines.
Market Sentiment: Bulls struggled to hold above key psychological levels, raising concerns about near-term momentum.
Next Steps:
Support Levels: Monitor for stabilization near $40; a failure to hold could trigger more selling.
Resistance Zones: Recovery above $42 might reignite bullish sentiment.
Stay alert—this development could fuel heightened volatility in the short term.