$ZEN Long Liquidation Alert!

Liquidation Amount: $6,725

Liquidation Price: $32.789

This significant long liquidation shows strong selling pressure around $32.79. The market is favoring bears, and traders should prepare for potential further downside or consolidation near key levels.

Key Market Insights

1. Resistance Zone: $32.80-$33.50 is now a critical resistance. Bulls need to reclaim this zone to regain momentum.

2. Support Zone: The next major support lies at $31.50-$32.00. If this level breaks, expect further downside to $30.00.

3. Market Sentiment: Bearish in the short term due to increased selling pressure and liquidations.

Suggested Strategy

For Short-Term Traders:

Scenario A:

If $ZEN fails to reclaim $32.80, consider shorting.

Entry: $32.70-$32.90

Target: $31.50

Stop-Loss: Above $33.50

Scenario B:

If ZEN reclaims $32.80 with strong buying volume, look for a breakout.

Entry: $33.00-$33.20

Target: $34.00-$34.50

Stop-Loss: Below $32.50

For Long-Term Investors:

Wait for ZEN to approach $30.00-$31.00, which could be a strong accumulation zone for long-term positions.

Pro Tips

1. Volume Check: Strong buying volume near $31.50 could indicate a potential reversal.

2. Market Trend: Follow overall crypto market conditions; $ZEN often moves in sync with broader trends.

3. Risk Management: Always use a stop-loss to protect your capital.

Trade cautiously and stay disciplined. The market rewards patience!

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