$ZEC C Short Liquidation Alert!
A $28.036K short liquidation occurred at $72.69, signaling a potential shift in momentum. Traders are watching closely—let’s break it down!
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Analysis & Trading Strategy
1. Market Context
A short liquidation of this size suggests bullish pressure as sellers get forced out of their positions.
If momentum continues, we could see $ZEC testing higher resistance levels.
2. Current Price Action
Price: $72.69 (liquidation point).
Trend: Consolidating near key support levels with signs of a potential breakout.
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Trading Plan for $ZEC
📈 Buy Zone
Ideal entry range: $70 - $72.
Accumulate on dips if the price remains above $70, as this is a strong support area.
🎯 Targets
Target 1: $76
Target 2: $80
Target 3: $85
❌ Stop Loss
Place your stop-loss at $68.50 to minimize downside risks if the trend reverses.
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Key Levels to Watch
Resistance Levels: $74, $78, $85
Support Levels: $70, $68
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Next Steps for Traders
1. Monitor Volume: A breakout with high volume could confirm bullish momentum.
2. Set Alerts: Place alerts for key resistance and support levels.
3. Trail Your Stop Loss: As $ZEC moves higher, lock in profits by adjusting your stop-loss.
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💡 Pro Tip: Keep emotions in check. Stick to your trading plan and adjust based on market behavior. Always use proper risk management!
What’s your take on $ZEC? Will it hit $80 soon? Let’s discuss!
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