$ZEN Short Liquidation Alert
A hefty $4,149 in $ZEN shorts is on the verge of liquidation at the critical level of $28.733.
Bulls are flexing their muscles, pushing the price toward this level.
If breached, it could ignite a cascade of liquidations, driving the price even higher.
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Key Details
1. Liquidation Level: $28.733
2. Market Sentiment: Bulls gaining strength, targeting shorts.
3. Potential Impact: A breakout above $28.733 could unleash a short squeeze, fueling rapid upward momentum.
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Suggested Next Moves
For Long Traders:
Entry Opportunity: If $28.733 is broken with strong volume, consider entering longs to ride the short squeeze.
Place Stop Loss just below $28.50 to protect against fakeouts.
Target the next resistance levels around $30.50 and $32.00 for potential profits.
For Short Traders:
Avoid adding to short positions near $28.733; the risk of liquidation is high.
If already short, tighten stop losses to minimize potential damage.
Consider re-entering shorts only after clear signs of rejection below this level.
For Neutral Traders:
Monitor price action closely.
A decisive move above $28.733 signals bullish dominance, while rejection at this level might indicate a reversal.$ZEN
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Pro Tip: Watch for volume spikes and large buy orders near $28.733.
A high-volume breakout could confirm a rally, while a weak move might suggest a bull trap.
Trade with discipline and precision!