Breaking Alert: $ZEN Short Liquidation Spotted
A significant liquidation of $3.3718K occurred at the pivotal price level of $37.464, signaling a critical shift in market dynamics.
Short sellers are feeling the heat as the price momentum appears to favor the bulls.
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Key Details
Liquidation Size: $3,371.8
Liquidation Level: $37.464
Market Sentiment: Bullish momentum gaining strength
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What to Watch Next
1. Breakout Potential: A move above $37.50 could lead to a rally toward $38.20 or higher.
2. Support Levels: If the price pulls back, watch for strong buying interest near $36.80-$37.00.
3. Volume Confirmation: High buying volume could sustain the upward momentum. Monitor closely for follow-through.
4. Scalp or Swing Opportunity: Momentum traders can target $37.80-$38.00, while cautious investors may wait for confirmation of a breakout or a pullback to enter.
With the shorts squeezed, the battle for $ZEN intensifies. Stay alert, and be ready for swift market moves.