$ZEN Short Liquidation Alert
A significant short position worth $30.35K was liquidated at $22.519, signaling strong bullish momentum in the market.
This indicates rising buying pressure as shorts are forced to close their positions, driving the price upward.
Key Details:
Liquidation Level: $22.519
Liquidated Amount: $30,347
Market Sentiment: Bullish as shorts face heavy pressure.
1. Resistance Levels: $23.00 and $23.50 are critical resistance zones. A breakout above these could lead to further upward momentum.
2. Support Levels: Monitor $22.00 for stability. If this level holds, it may act as a strong foundation for continued bullish moves.
3. Volume Trends: Increased buy volume will confirm the strength of this rally.
Strategy Suggestion $ZEN :
For Holders: Continue holding, but set trailing stop-losses to secure profits in case of a reversal.
For New Positions: Look for an entry near $22.50 support or wait for a confirmed breakout above $23.00 for a safer buy-in.
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