Massive $ZEN Short Liquidation.

Hold onto your seats, traders! A jaw-dropping $1.8074K worth of short positions in have just been liquidated at the $28.87 price level.

What does this mean.

The market has seen a powerful short squeeze, shaking out those who were betting on a price decline. When $ZEN hit that $29.104 mark, shorts were forced to cover their positions, pushing the price even higher.

Impact on the Market:

A significant short liquidation like this often signals a reversal or continuation in the price direction, depending on market sentiment.

With this large amount of shorts wiped out, could be setting up for a continuation of bullish momentum.

Key Levels to Watch:

Support: $28.50 – If price holds above this level, $ZEN could continue to rise.

Resistance: $31.00 – Watch this as a key breakout level.

Warning: This move comes with volatility. Be ready for possible price swings as the market digests this liquidation.

Trading Strategy:

For longs: A pullback to $28.50 may offer a great buying opportunity.

For shorts: Be cautious, as the trend might be shifting in favor of the bulls.

The market is wild right now don’t miss out on these thrilling moves.

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