$ZEN experienced a long liquidation near 7.63 after failing to hold short-term support, flushing overleveraged bullish positions from the market. The sell-off lost momentum quickly, suggesting a leverage reset rather than a structural breakdown. Price behavior around this zone will be key; stabilization and a higher-low formation would favor a recovery rotation toward prior resistance. Patience is required until structure confirms buyer response.
EP: 7.40 – 7.65
TP: 8.10 / 8.75 / 9.80
SL: 7.10
Mean-reversion recovery setup with disciplined risk control.
ZENUSDT
Prep
7.535
-5.35%