$ZEN
Recent long liquidations around $5.262 show that weak buyers were forced out as price moved lower. This typically clears downside pressure and allows the market to rebuild structure. Price is now trading near a reaction zone where liquidity has been taken, which often leads to a controlled rebound if support holds.
EP: $5.20 – $5.26
TP1: $5.48
TP2: $5.72
TP3: $6.00
SL: $5.05
Trend on the mid-timeframe is stabilizing after a corrective phase, with price approaching a known demand area.
Momentum indicators suggest selling pressure is slowing while volatility contracts, a common sign before continuation upward.
Most liquidity now sits above $5.45 and $5.70, giving the market a clear upside magnet if buyers step back in.
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