Massive $ZEN Short Liquidation Fuels Market Momentum
A substantial $58.6K short position on $ZEN was liquidated at $29.86, signaling a powerful surge by the bulls.
This liquidation reflects a decisive move upward, catching bearish traders off guard and adding fuel to the bullish momentum.
The $29.86 level has emerged as a critical turning point, with buyers stepping in aggressively to push prices higher.
This event not only highlights the risks of shorting in a volatile market but also sets the stage for potential further gains if bullish sentiment holds.
For traders, this is a reminder of the importance of monitoring key levels and staying adaptive in rapidly shifting market conditions.
As $ZEN continues its climb, the spotlight is now on whether the bulls can sustain this rally or if bears will regroup for a counterattack.