Massive Short Liquidation Detected on $ZEN : $1,760.2 at $10.56
The bears just took a hit — $1.76K worth of shorts got wiped at $10.56. This sudden liquidation suggests a possible reversal brewing beneath the surface.
Technical Breakdown:
Current Price Zone: Around $10.50 – $10.60
Liquidation Level: $10.56 (Key short squeeze point)
Buy Zone (Entry Range):
$10.40 to $10.65
This zone aligns closely with the recent liquidation point, indicating bullish pressure building up. Watch for consolidation here with increasing volume as a confirmation.
Targets:
Target 1: $11.25 – Minor resistance, psychological round level
Target 2: $12.00 – Historical resistance and breakout zone
Target 3: $13.20 – Major breakout extension from March 2024 structure
Stop-Loss:
$9.85 (strict)
Placed just below the nearest support and structure base to avoid deep pullbacks or fakeouts.
Why This Move Matters:
Short liquidation at $10.56 signals trapped bears
Price action is showing signs of accumulation in the $10.4–10.6 zone
If bulls hold this level, a strong rally toward $12+ is on the cards
Conclusion:
$ZEN just flipped the switch. Shorts are getting squeezed, bulls are gaining momentum, and the price is coiling for a breakout. Stay sharp — this could be the beginning of a powerful leg up.