$ZEN

Short Liquidation Alert!

A $1.0092K short liquidation just took place at $29.423 for ZenCash (ZEN). This sharp move highlights the intense volatility and the pressure being faced by short positions.

Key Event: Short positions were liquidated as the price of ZEN surged unexpectedly, triggering a quick cascade.

Momentum: Watch out for potential continued upward movement if the liquidation pressure continues to push prices higher.

Risk: Short sellers might face further liquidations if the market continues to reverse sharply.

Target Levels:

Immediate Resistance: $29.423

Potential Upside: $32 could be the next target if this momentum sustains.

Risk Management:

For anyone thinking of entering, carefully consider the risk of more upward pressure. Tight stop-losses are recommended, especially in such a volatile market.

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