$ZEN Short Liquidation Alert
🔹 Liquidation Amount: $5,756.4
🔹 Liquidation Price: $19.188
This liquidation shows that short sellers are being forced out, which could lead to further upward momentum. Here’s a complete trading plan for ZEN with simple and actionable details:
Buy Zone
Entry Range:
Between $18.80 - $19.20
This is the ideal zone to accumulate your position. Look for slight pullbacks for better entries.
Target Zones
🎯 Target 1: $20.50 (First Resistance Level)
🎯 Target 2: $22.00 (Mid-term Profit Level)
🎯 Target 3: $25.00 (Strong Resistance and Breakout Zone)
Stop Loss
❌ Stop Loss: $18.30
If the price falls below this, it might indicate a trend reversal. Exit the trade to protect your capital.
Trading Plan
1. Momentum Advantage:
The short liquidation suggests bullish momentum. Focus on buying near the support levels for better risk-to-reward.
2. Volume Check:
Ensure there’s an increase in trading volume. High volume validates the price action and potential rally.
3. Risk Management:
Only invest 2-3% of your total portfolio in this trade. Avoid over-leveraging.
4. Trailing Stop-Loss:
As ZEN moves toward the targets, adjust your stop loss to lock in profits while staying in the trade.
Market Insights
The $20.50 level is a crucial resistance; breaking it could push ZEN into a strong uptrend.
Keep an eye on market sentiment and external news that could affect ZEN's movement.
📊 Stay disciplined, follow your plan, and take advantage of the market momentum! Good luck!
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