ZEC just showed me where the pressure is sitting.
The $833.65 short liquidation tells me sellers were caught leaning too heavily into the move. I’m not interested in chasing the first spike, though. My focus is whether ZEC can hold the reclaimed $830–$835 area and turn that zone into support.
Bias: LONG
Entry: $830–$838
TP1: $850
TP2: $868
TP3: $890
Stop / Invalidation: $814
I want to see a clean confirmation candle above $838 with follow-through volume. If price rejects that level and loses $830 again, I’d step aside rather than force the trade.
The psychology here matters: trapped shorts can provide fuel, but only sustained buying converts a liquidation event into a real breakout.
Risk remains elevated around this zone, so position size should stay controlled.
