$ZEC Short Liquidation: $18.135K at $60.25

๐Ÿšจ Market Alert:

Liquidation Type: Short

Liquidation Value: $18,135

Liquidation Price: $60.25

๐Ÿ’น Market Insight:

Zcash (ZEC) has surged, wiping out $18K worth of short positions as bulls gain control.

This price action suggests potential for further upside if momentum continues, presenting a strong opportunity for traders.

๐Ÿ”ฅ Whatโ€™s Next?

Buy Zone: Consider entering around $60.50 - $61.00, near current levels, as momentum builds.

Target 1: Aim for $63.00, the next resistance level (4.1% potential gain).

Target 2: If bullish momentum strengthens, aim for $66.00, a critical level to watch.

Stop Loss: Place a stop at $58.50 to manage risk in case of reversal.

๐Ÿ’ฅ Key Market Levels to Watch:

Support Zone: Immediate support lies at $59.50. If the price dips and holds here, it could signal a buying opportunity.

Breakout Zone: A clear move above $63.00 could push ZEC toward $70.00, fueled by fresh buying interest and bullish sentiment.

๐Ÿ”” Pro Tip:

Volume Confirmation: Monitor trading volume near $60.50. High buying volume confirms bullish strength, while weak volume signals caution.

Dynamic Adjustments: Lock in profits as ZEC approaches $63.00, and trail your stop-loss to safeguard gains.

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