$ZRX Long Liquidation Alert!

A whopping $11,463 in long positions were wiped out at $0.4679!

Sellers are taking control, driving the price down.

Will the downtrend continue, or is a recovery on the horizon?

Keep your strategy ready!

Important Details

Long Liquidation: $11.463K

Liquidation Price: $0.4679

Indication: Heavy selling pressure is forcing longs to exit.

Next Move Suggestion

Buy/Sell Advice:

Sell if $ZRX fails to hold above $0.4600, as it could signal further downside.

Buy cautiously if ZRX bounces strongly from support levels and shows recovery signs.

Support and Resistance Levels

Support:

$0.4600: Critical level to watch. If it breaks, further selling is likely.

$0.4500: Secondary support to monitor if the first level fails.

Resistance:

$0.4800: Immediate resistance. A break above could signal a short-term recovery.

$0.5000: Key psychological resistance to overcome for bullish momentum.

Market Strategy

Observe volume trends: High selling volume near support could indicate further decline.

Wait for a bullish reversal pattern (e.g., double bottom or bullish engulfing candle) before buying.

Use stop-loss just below support levels to manage risk.

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