Massive $ZEN Long Liquidation Hits $1.71
at $10.14 – What's Next?
A sharp shakeout just rocked the $ZEN chart. A total of $1,719.4 worth of long positions were flushed at the $10.14 level. This kind of liquidation often signals high volatility and a potential shift in market sentiment. But is it the calm before a breakout or a deeper dip ahead?
Technical Analysis:
Current Price Zone:
After the liquidation, ZEN is trading near key support. All eyes are on whether bulls can regain control or if further downside pressure is coming.
Buy Zone (Accumulation Area):
$9.30 – $9.70
This is a historical support zone with strong volume nodes. If price dips further, it could provide an ideal entry for mid-term bulls.
Targets:
Target 1: $10.80 – First resistance after recovery
Target 2: $11.60 – Previous swing high zone
Target 3: $12.40 – Major resistance level, break here confirms bullish reversal
Stop Loss:
$8.95 – A daily close below this invalidates the bullish setup and could invite more sellers.
Final Thoughts:
The liquidation at $10.14 was not just a random wick. It may be a setup for a larger move. Patience is key. If $ZEN holds the $9.30-$9.70 support, it could rebound with strength and surprise the market. Stay alert, because volatility is opportunity dressed as risk.
