$ZEC Short Liquidation Alert!
Liquidation Amount: $8,671.8
Liquidation Price: $64.14
A significant short liquidation occurred, indicating strong buying pressure around $64.14. Bulls are pushing back, and this could mark a potential reversal or momentum build-up.
Market Analysis
1. Support Zone: The $64 level has proven to be a key buying zone. Buyers are stepping in aggressively.
2. Resistance Zone: The next major resistance is $67-$68. Watch for selling pressure at these levels.
3. Sentiment: Bullish in the short term due to the liquidation event, but further confirmation is required.
Trading Strategy
For Buyers (Long Position):
Entry Point: Enter between $64.50-$65 (on a minor pullback for better risk-reward).
Target:
Short-Term: $66.50
Extended: $68.00
Stop-Loss: Place a stop-loss below $63.00 to minimize risk.
For Sellers (Short Position):
If $ZEC struggles to break above $67 with low volume, consider shorting with:
Entry Point: $66.80-$67.00
Target: $64.50
Stop-Loss: Above $68.50
Pro Tip
1. Volume Confirmation: Look for strong buying volume to sustain the bullish move.
2. Market Trends: Monitor overall crypto sentiment; $ZEC 's movement may follow the broader market trend.
3. Risk Management: Never risk more than 2-3% of your capital on a single trade.
Stay sharp and wait for your levels to be hit—discipline wins trades!
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