š»$ZEN Longs Liquidated!
A $1.09K long position on $ZEN was liquidated at $23.429, highlighting bearish dominance in the market. The failed attempt to sustain higher prices underscores weakening bullish momentum.
Key Takeaways:
Bearish Pressure: Liquidation at this level suggests selling forces are overtaking buyers.
Support Under Threat: Critical levels must hold to prevent deeper declines in price.
ZEN Technical Breakdown:
Resistance Level: $24.00
Support Zone: $23.00
Momentum: Bearish, with a risk of further downside
Will $ZEN rebound to reclaim lost ground, or is another leg down imminent? Monitor closely for support levels and trading volume signals!