$ZRO Short Liquidation Alert!
A $6.5202K short position in ZRO was liquidated at $6.86838,
driven by a strong price surge that overwhelmed bearish traders.
1. What Happened?
Short liquidation occurs when a price rise exhausts the margin of traders betting on a decline.
For ZRO, this upward move forced the closure of this $6.52K short trade.
2. What’s Next for ZRO?
Support Level: Monitor $6.85. Holding above this level may provide stability for further growth.
Resistance Level: Breaking above $6.90 could trigger additional bullish momentum.
Market Sentiment: Positive sentiment and buying interest are driving ZRO’s rally.
3. What Should You Do?
Holding ZRO? Watch resistance levels and consider partial profit-taking if momentum slows.
Looking to Buy? Wait for a pullback or confirmation of strength above resistance.
This liquidation highlights strong buying activity in ZRO. Stay alert and trade carefully!
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