Massive $ZRO Short Liquidation Alert.

Traders just witnessed a significant $10.22K short liquidation at the key price level of $5.443. The bears who bet against $ZRO faced the heat as the price surged past their stop levels.

What does this mean.

1. Short Liquidation: Traders who borrowed $ZRO to sell it at higher levels were forced to buy it back as the price climbed, causing further upward momentum.

2. Key Level: The liquidation price of $5.44959 now serves as a psychological point. If bulls can maintain control, we may see an extended rally.

Technical Insights.

Support: Immediate support seems to be forming near $5.45, where the liquidation occurred.

Resistance: Watch for resistance at $5.60 and $5.75 levels.

Trend: The short squeeze may spark a bullish sentiment in the short term, so traders should keep an eye on momentum indicators like RSI and volume spikes.

Action Plan.

For Bulls: Consider $5.45 as a re-entry point with potential targets at $5.70 and $6.00. Set a stop-loss below $5.35 to manage risk.

For Bears: Watch for exhaustion near resistance zones if the buying frenzy slows down.

Stay sharp, stay informed, and always trade responsibly.

Let me know if you'd like to dive deeper into technical levels or discuss trading strategies.

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