$ZHIPU — Long Liquidation Signals Immediate Weakness
$ZHIPU saw $4.53K in long positions liquidated around $85.62. This suggests leveraged buyers were caught on the wrong side of the move, making the $85.62 area an important resistance zone.
Trading Setup — SHORT
Entry Zone: $85.50–$86.20
TP1: $83.80
TP2: $81.90
TP3: $79.80
Stop Loss: $87.30
The setup remains bearish while $ZHIPU stays below $86.20. A rejection from this zone could bring another wave of downside.
Invalidation: Sustained move above $87.30.
Trade with proper risk management and DYOR.
$ZHIPU saw $4.53K in long positions liquidated around $85.62. This suggests leveraged buyers were caught on the wrong side of the move, making the $85.62 area an important resistance zone.
Trading Setup — SHORT
Entry Zone: $85.50–$86.20
TP1: $83.80
TP2: $81.90
TP3: $79.80
Stop Loss: $87.30
The setup remains bearish while $ZHIPU stays below $86.20. A rejection from this zone could bring another wave of downside.
Invalidation: Sustained move above $87.30.
Trade with proper risk management and DYOR.