$ZEN Long liquidations at $5.262 confirm buyers were trapped at higher levels. Price is now trading below that zone, showing clear rejection and continuation of bearish structure with lower highs intact.
EP: $5.10 - $5.22
TP: $4.90
TP: $4.65
TP: $4.40
SL: $5.38
Trend remains bearish with consistent rejection near prior liquidity zones. Momentum is weak with no signs of strong bullish absorption. Price is likely to continue lower as it seeks deeper demand zones after clearing upside liquidity.
ZENUSDT
Perp
5.098
-2.43%
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