$ZEC recorded a SHORT LIQUIDATION of around $5.35K at $512.69, forcing bearish traders to close positions and adding upward pressure. This squeeze indicates buyers are gaining short-term control.
Current Market Structure: Short-term bullish with squeeze potential.
Key Levels
Current Trigger: $512.69
Support: $505 - $500
Major Support: $490
Resistance: $520 - $530
Breakout Level: $530
Trade Setup
Entry: Above $520 with strong volume confirmation
Stop Loss: Below $500
Take Profit Targets
TP1: $530
TP2: $545
TP3: $560
TP4: $580
$ZEC continues to benefit from short liquidation pressure. A confirmed breakout could extend the upside move.
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