$ZEN Short Liquidation Alert!
A short position worth $2.0524K was liquidated at $17.816, signaling a bullish surge as bears get squeezed.
This could indicate rising momentum, with bulls potentially eyeing higher resistance zones.
Key Details:
Liquidation Size: $2.0524K
Liquidation Price: $17.816
Market Sentiment: Bulls flexing strength, shaking out weak shorts.
Next Move:
1. For Bulls:
Use the $17.80 level as a base; consider adding positions if price sustains above.
Target next resistance at $18.50 and $19.20 for potential gains.
2. For Bears:
Avoid aggressive shorts unless price dips below $17.50 with volume confirmation.
Focus on tight risk management to navigate increased volatility.
3. For Neutral Traders:
Wait for a retest of $17.50-$17.80 to gauge strength before committing.
Look for breakout signals above $18 for bullish entries.
The bulls seem to be gaining control—watch closely as $ZEN moves toward key resistance levels! Stay disciplined and nimble.