A massive short liquidation has been detected at $ZEN : $1,760.2 at $10.56

Bears have taken a hit — $1.76K was wiped from short positions at $10.56. This sudden liquidation suggests a potential reversal beneath the surface.

Technical Analysis:

Current price area: around $10.50 – $10.60

Liquidation level: $10.56 (major short pressure point)

Buy zone (entry range):

$10.40 to $10.65

This area closely aligns with the recent liquidation point, indicating increasing upward pressure. Watch for consolidation here with rising volume as confirmation.

Targets:

Target 1: $11.25 – minor resistance, round psychological level

Target 2: $12.00 – historical resistance and breakout area

Target 3: $13.20 – major breakout extension from March 2024 structure

Stop Loss:

$9.85 (strict)

Placed just below the nearest support and structural base to avoid deep retracements or traps.

Why this move matters:

The short liquidation at $10.56 indicates trapped bears

Price action is showing signs of accumulation in the $10.4–$10.6 area

If bulls hold this level, a strong wave towards $12+ is on the cards

Summary:

$ZEN has flipped the key. Short positions are being squeezed, bulls are gaining momentum, and price is consolidating for a breakout. Stay cautious — this could be the start of a strong upward phase.