$ZEC Here's a detailed analysis of Zcash for you.

Current Market Update.

Recent Event. A long liquidation occurred at $61.83 with a value of $19.393K.

This indicates selling pressure and a bearish sentiment in the short term.

Market Overview.

Trend. ZEC is currently in a downtrend.

Key Levels. The price is moving around the $60-$62 range, indicating strong resistance near $62.

Volume. Increased liquidation suggests heightened volatility.

Trading Plan.

To approach ZEC, here's a potential strategy.

Buy Zone.

Range: $58 - $60

This zone is where buying interest might increase, as it’s close to a strong support level.

Target Levels.

Target 1. $64 Short term recovery resistance.

Target 2: $67 Previous high and psychological level.

Stop Loss.

Place your stop loss at $56.5 to limit losses if the price breaks below support.

Technical Indicators.

Near oversold levels, which could signal a potential bounce.

Support.

$58 is a crucial support. If broken, the price may fall further to $55.

Resistance.

$62 and $64 are immediate resistance levels.

Market Outlook.

Bearish Scenario.

If ZEC breaks below $58, it could test lower levels like $55.

Bullish Scenario.

If ZEC sustains above $62, it might rally toward $67 in the short term.

Advice.

Monitor the $58-$62 range for confirmation of the next move.

Use proper risk management, as ZEC has shown volatility.

Stay updated with market news or events affecting Zcash.

Would you like more details or updates.

#ZEC/USDT #GMTBurnVote #BitwiseBitcoinETF #CryptoRegulation2025 #BTCXmasOrDip?