$ZEC /USDT – Shorts in Danger
Zcash dropped 5.36% to 464, but shorts are piling in near the 457 support. Total shorts liquidations at 1.8M USDT over the last day, longs only 0.6M. The descending channel bottom aligns with the 0.618 Fib retracement at 458-462. Volume is drying up on the selloff – sellers exhausted. Meanwhile, the Ironwood upgrade news keeps interest high. If price reclaims 480, it triggers a short squeeze toward 500. Next move: bounce from 460 zone. Targets: TP1 485, TP2 495, TP3 510. Pro tip: Enter long at 465 with a stop at 455. Scale out at each target. Watch the 4-hour RSI for bullish divergence – it's forming now.
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