$ZEN Short Liquidation Update
Short positions totaling $9.4331K were liquidated at $9.999, signaling strong buy-side pressure and forcing sellers to cover.
Market Structure
Price is holding above the liquidation zone, showing acceptance at higher levels. This shift in structure favors a bullish continuation if momentum remains supported.
Key Levels
Support: $9.90 – $9.60
Resistance: $10.35 → $10.95
Bullish Trade Setup
Entry: Break and hold above $10.35, or a controlled pullback holding above $9.90
Targets:
TP1: $10.95
TP2: $11.80
Stop Loss: Below $9.45
Market Sentiment
The short squeeze flipped short-term control to buyers. With sellers cleared and structure intact, pullbacks are likely to be absorbed, favoring upside continuation.
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