$ZEN Long Liquidation Alert: $12.458K at $28.859

Here's the full analysis and strategy for $ZEN based on the latest liquidation update:

Market Insight

1. Current Liquidation Price: $28.859 indicates significant pressure from long traders.

2. Implications:

If the price falls below $28.859, it could trigger further selling as leveraged positions get liquidated.

If the price holds above this level, it could act as support, leading to a potential recovery.

Trading Plan

Scenario 1: Bullish Move (Price Goes Up)

Buy Zone: $29.00 - $29.50 (if price sustains above $28.859).

Target:

First Target: $30.50

Second Target: $31.50

Stop Loss: $28.50 (below liquidation level to minimize risk).

Scenario 2: Bearish Move (Price Falls Below)

Buy Zone: $27.50 - $28.00 (if the price dips and shows signs of reversal).

Target:

First Target: $28.80

Second Target: $29.50

Stop Loss: $27.00 (to avoid further losses if price continues downward).

Key Notes

1. Volatility Alert: With long liquidations at this level, sudden price swings are expected.

2. Risk Management:

Only risk 1-2% of your portfolio per trade.

Use proper stop-loss to protect capital.

3. Wait for Confirmation:

Monitor how the price reacts around $28.859.

Enter only after observing a clear breakout or bounce.

Final Tip

Stay disciplined and follow the levels strictly. The market can be unpredictable, so patience and risk management are your best tools.

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