$ZEN Short Liquidation just shook the market with a colossal $79K liquidated at $28.78!
This powerful short squeeze has sparked chaos in the trading community.
Could this trigger a massive price surge, or is it a signal for further market turbulence?
Hold on tight, because the next moves could be explosive!
Important Details:
Amount Liquidated: $79K
Liquidation Price: $28.78
Market Impact: A liquidation of this size suggests immense volatility ahead, with forced buying likely pushing the price higher in the short term.
Next Move:
1. Look for a Breakout: Watch closely for any price surge above $28.78.
If the price holds and continues to rise, it could signal the start of a rally.
2. Risk Control: With the market still volatile, ensure you have stop-losses in place to guard against sudden price reversals.
The market could easily swing in either direction.
3. Consider Long Opportunities: If the price stabilizes and shows signs of upward momentum, now could be an excellent opportunity to enter long positions before any potential breakout.
This is a critical moment—ensure your strategy is sharp and your moves are calculated!