A substantial short position in Horizen ($ZEN ) was liquidated at $42.92, totaling $99.5K.
Key Insights:
Recent Liquidation: A $99.5K short position was liquidated at $42.92, indicating bullish momentum.
Current Price: $ZEN is trading around $43.62, reflecting continued upward movement.
Intraday Movement: High of $43.03, low of $35.79, suggesting significant volatility.
Short-Term Outlook: Analysts predict a potential rise to $42.29 by December 26, 2024.
Long-Term Forecast: Projections estimate a value of $56.67 by 2030.
Next Move: Monitor support levels around $35.79 and resistance near $43.03. Consider setting stop-loss orders to manage risk.
Stay informed and trade cautiously.
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