$ZK Long Liquidation Update: $19.902K Liquidated at $0.18307
The market is seeing intense volatility, with a major long position on $ZK worth $19.902K liquidated at the critical level of $0.18307.
This marks a pivotal moment, as heavy liquidations often indicate a shift in market sentiment.
Next Move:
1. For Long Traders:
Watch for a bounce-back from $0.18307. A break above $0.190 could signal recovery.
Be cautious about re-entering until confirmation of a strong support level.
2. For Short Traders:
The momentum suggests further downside potential. Targets could be $0.175 or lower.
Secure profits as the price approaches oversold conditions.
Stop Loss Suggestions:
For longs, consider setting stop-losses below $0.180 to minimize further losses.
For shorts, adjust stop-losses above $0.185 to protect gains from sudden reversals.
Stay vigilant, as liquidity sweeps like this often trigger unpredictable market movements. Always manage your risk carefully!