Massive $ZIL Short Liquidation Alert.

Total Liquidation: $2.21K

Price Triggered at: $0.02170

The crypto market is shaking as Zilliqa ($ZIL) experiences a massive short liquidation event. With over $2.21K worth of short positions getting liquidated as soon as the price hit $0.02166, traders are on the edge of their seats.

What Happened.

Short positions were caught off guard as $ZIL surged, triggering a cascade of liquidations.

This led to intense volatility and price swings, especially around the $0.02166 level, marking a critical price point where shorts were forced to close their positions.

Short Liquidation Impact:

Liquidations can often lead to further upward momentum, as buying pressure increases due to forced closings of shorts.

We could see the price spiking as the market tries to find stability.

What to Watch for Next.

Resistance Zone: Keep an eye on key resistance levels above $0.022.

Support Zone: Watch for potential support at $0.020 if the price pulls back.

Target for Bulls: $0.023+ could be in sight if momentum continues.

Don't Miss Out.

The market is showing signs of volatility, and $ZIL could be set for even more action. Whether you're bullish or bearish, it’s crucial to keep a close eye on the liquidation zones and adjust your strategies accordingly.

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