$ZEN Long Liquidation Spotted.

A massive $2,079 liquidation just occurred at the $27.29 price level.

What does it mean.

This liquidation indicates that a large long position got wiped out as the price dipped below the holder’s margin threshold. The market volatility is real, and it’s clear that bears are pushing hard to gain control.

Breaking It Down.

1. Liquidation Event:

A liquidation happens when traders’ leveraged positions fall below the margin level, forcing their brokers to close the trade.

In this case, long traders betting on an upward move were overpowered by the sellers.

2. Significance of $27.906:

This level becomes a key support zone to monitor.

If the price doesn’t recover soon, we could see a downward continuation.

3. What’s Next.

Bulls must reclaim this level to avoid more long liquidations.

Bears might eye the next support zone for more liquidations.

Actionable Insights:

Short Traders: Watch for a continuation below $27.906 for possible entry.

Long Traders: Place tight stop-losses and monitor the next support zone for a reversal.

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