Thrilling Update: $ZEC Liquidated Long at $55.70!
A significant long position of $57.3K has been liquidated at $55.70. This suggests heavy selling pressure in the market.
Key Levels:
Support: $54.00 (If broken, expect further downside)
Resistance: $58.00 (Needs to break for bullish momentum)
Next Move:
Scenario 1: Bullish Breakout
If $ZEC reclaims $58.00 with strong volume, consider a buy, targeting $60.00+.
Scenario 2: Bearish Continuation
If the price falls below $54.00, a sell could be safer, aiming for $50.00.
Suggestion:
Wait for confirmation at the $54.00 or $58.00 level before taking action.
Trade with proper stop-loss to minimize risk.
Stay sharp, and watch the charts closely!