$ZK Long Liquidation Alert – What It Means for the Market
A long liquidation of $9.88K just hit ZK at $0.01979, signaling that overleveraged long positions were forced out of the market. Events like this usually create short-term volatility and can reset the price before the next move.
The liquidation suggests that weak hands were flushed out, which often opens the door for a potential bounce if buyers step back in around support.
Trade Idea (Short-Term Setup):
📍 Entry Zone: $0.01950 – $0.02010
This range sits near the liquidation area where liquidity was taken, often acting as a reaction zone.
🛑 Stop Loss: $0.01880
A break below this level could indicate continued downside pressure.
🎯 Take Profit Targets:
TP1: $0.02120
TP2: $0.02250
TP3: $0.02400
If momentum returns, price may attempt to reclaim higher resistance levels after the liquidity sweep.
The ecosystem around ZKsync continues to attract attention, so sudden liquidation spikes can quickly turn into recovery moves when buyers step in.
Stay sharp traders — liquidation zones often reveal where the next opportunity forms.
$ZK #HarvardAddsETHExposure #BTCMiningDifficultyIncrease
