$ZEC Short Liquidation: $18.135K at $60.25
๐จ Market Alert:
Liquidation Type: Short
Liquidation Value: $18,135
Liquidation Price: $60.25
๐น 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.
๐ฅ Whatโs 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.
๐ฅ 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.
๐ 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.