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William _ETH
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$ZEN Long Liquidation Alert: A Big Shift on the Horizon!
A significant long liquidation of $12,251 just occurred at $27.431 for $ZEN. This means traders betting on a price increase were forced to exit, adding selling pressure. The market may now be gearing up for its next decisive move.
Let’s break it down and create a strategy to trade $ZEN effectively.
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Market Analysis
1. Current Situation:
The liquidation level of $27.431 is critical and could either act as a resistance or a pivot for recovery.
Selling pressure suggests the price may test lower support zones.
2. Key Levels to Watch:
Support Zone (Buy Area): $26.50 - $27.00
Resistance Zone: $28.00 - $28.50
Trade Setup
1. Buy Zone: Accumulate between $26.60 - $27.00 if the price stabilizes or shows a bounce.
2. Targets:
Target 1: $28.00
Target 2: $29.20 (if upward momentum strengthens)
3. Stop Loss: Place a stop loss below $26.30 to minimize risk.
Tips for This Trade
Monitor volume spikes and RSI for signs of reversal or strength.
If ZEN drops below $26.50, avoid entering, as it could indicate deeper bearish movement.
Keep track of broader market trends and any news impacting $ZEN.
What’s Next?
ZEN is at a critical juncture. A successful defense of the $27 zone could pave the way for a strong bounce, while a breakdown might bring further declines. Trade cautiously, stick to your plan, and be ready for the next big move!
#CryptoETFMania #GMTBurnVote #BTCXmasOrDip? #XmasCryptoMiracles #Crypto2025Trends
A significant long liquidation of $12,251 just occurred at $27.431 for $ZEN. This means traders betting on a price increase were forced to exit, adding selling pressure. The market may now be gearing up for its next decisive move.
Let’s break it down and create a strategy to trade $ZEN effectively.
---
Market Analysis
1. Current Situation:
The liquidation level of $27.431 is critical and could either act as a resistance or a pivot for recovery.
Selling pressure suggests the price may test lower support zones.
2. Key Levels to Watch:
Support Zone (Buy Area): $26.50 - $27.00
Resistance Zone: $28.00 - $28.50
Trade Setup
1. Buy Zone: Accumulate between $26.60 - $27.00 if the price stabilizes or shows a bounce.
2. Targets:
Target 1: $28.00
Target 2: $29.20 (if upward momentum strengthens)
3. Stop Loss: Place a stop loss below $26.30 to minimize risk.
Tips for This Trade
Monitor volume spikes and RSI for signs of reversal or strength.
If ZEN drops below $26.50, avoid entering, as it could indicate deeper bearish movement.
Keep track of broader market trends and any news impacting $ZEN.
What’s Next?
ZEN is at a critical juncture. A successful defense of the $27 zone could pave the way for a strong bounce, while a breakdown might bring further declines. Trade cautiously, stick to your plan, and be ready for the next big move!
#CryptoETFMania #GMTBurnVote #BTCXmasOrDip? #XmasCryptoMiracles #Crypto2025Trends
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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