Market Alert: $ZEN Short Liquidation Rocks the Charts!
A hefty $1,477.1K short liquidation just detonated at $36.204, sending bearish positions into chaos.
Bulls have seized control, pushing $ZEN into a potential breakout zone.
The market is heating up, and traders are bracing for the next big move.
Key Details:
Liquidation Type: Short
Liquidation Amount: $1,477.1K
Liquidation Price: $36.204
Market Sentiment: Bullish surge with strong momentum
What’s Next?
1. For Bulls:
Capitalize on the bullish momentum; next resistance lies at $37.00 - $37.50.
Keep a trailing stop below $35.80 to safeguard against sudden reversals.
2. For Bears:
Avoid premature shorts; wait for rejection signals near resistance zones before entering.
Look for potential retracement to $35.50 if bulls lose steam.
3. For Swing Traders:
Monitor volume and RSI; a sustained push with high volume indicates continuation.
Key support to watch: $36.00—if breached, sentiment may shift.
The market is at a critical inflection point.
Will $ZEN ride the wave higher, or will bears regroup for a counterattack?
Time to strategize and act!