🚨 $ZEN Short Liquidation Alert: $6.7887K at $42.858! 🚨
$ZEN has just seen a massive short liquidation of $6.7887K at $42.858. This major event could spark a powerful price movement! Here’s the breakdown:
🔍 Current Situation:
Liquidation level: $42.858
Amount liquidated: $6.7887K
A large number of short positions were forced to close, which could lead to a price surge as buying pressure increases. This is a critical moment to stay alert!
💡 What’s Next?
Price Action Prediction: After such a massive short squeeze, there’s a high probability that the price could spike in the short term. Watch for a potential rally, but be cautious for any quick pullbacks.
🎯 Buy Zone:
Watch for buy entry between $41.50 to $42.50. If the price dips into this range, it could be a good chance to enter before the next upward move.
🚀 Target Price:
$46.00 - $48.00: If the price keeps rising, these resistance levels are where the price might face challenges. It’s a good area to consider taking profits.
⛔ Stop Loss:
Set your stop loss at $40.00 to $41.00. This ensures that your risk is limited if the market decides to reverse unexpectedly.
🔔 Key Things to Watch:
Volume: A surge in volume will confirm that the buying momentum is real.
Market Sentiment: Pay attention to news or updates that could drive the market in either direction.
⚠️ Important Reminder: The crypto market can change direction quickly. Always trade with caution and use risk management to protect your capital. Never invest more than you can afford to lose!
💥 Stay sharp, trade smart, and seize the opportunity! 💥
#GrayscaleHorizenTrust #MarketRebound #BinanceLabsBacksUsual #MicroStrategyInNasdaq100 #BTCNextMove