$ZEN — Long Liquidation: $5.0241K at $8.897
Bias: Bear-to-Bull flip watch
TG1 (conservative): $9.60
TG2 (optimistic): $10.80
TG3 (runaway): $13.50
Market insights — ZEN reacted violently at the $8.90 liquidation area. A significant long squeeze was likely triggered there, leaving vulnerable hands below. If price holds above the liquidation price and reclaims a short-term resistance zone, momentum can flip quickly — look for rising volume and steady higher lows.
Next move — Aggressive: nibble longs on a confirmed reclaim of the $$8.90–$9.10 zone with tight stop. Conservative: wait for a close above $9.60 on increased volume before committing.
Timeframe: 4H — Daily.
Risk management — SL: close below $8.50 (adjust by account risk). Position size: <=2–3% of equity per trade. Note: if price drops below liquidation again, expect volatility and possible further selling.
