$ZEN (Horizen) Market Update — Major Long Liquidation Alert!

A significant $14.25K in long positions has just been liquidated at $13.55, hinting at heightened volatility and potential trend shifts for ZEN.

Current Price Action:

After the liquidation, ZEN slipped below minor support, showing signs of short-term weakness. The market sentiment leans cautiously bearish as traders reassess their positions.

Key Technical Levels:

Support Zone: $13.20 – $13.50

Immediate Resistance: $14.00 – $14.35

Major Resistance: $15.00

Trading Insight:

If ZEN manages to hold above $13.20, a rebound toward the $14.00 resistance is possible. However, failure to sustain above $13.00 could invite further downside momentum toward $12.50.

Entry Recommendations:

Buy Entry (Rebound Play): Around $13.30 – $13.50 with a target near $14.20

Sell Entry (Breakdown Play): Below $13.00, aiming for $12.40 – $12.60

Market Outlook:

The liquidation suggests leveraged traders got squeezed, possibly clearing the path for a more stable base formation. Keep an eye on volume — a strong push above $14.35 could reignite bullish momentum.

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