$ZEC has shown long liquidation activity around $1,262.26, indicating that some buyers using leverage were forced to close their positions. This may create short-term selling pressure and increase volatility. If the price remains below nearby resistance, ZEC could move lower toward the next support levels. However, a recovery is possible if buyers regain control.

EP: $1,258–$1,263

TP1: $1,250

TP2: $1,240

TP3: $1,228

SL: $1,275

The preferred setup is a short trade if price shows weakness near the entry zone. Wait for confirmation before entering, as liquidation activity alone does not guarantee a downward move. Use proper risk management and avoid excessive leverage. #ETH ETFs Extend Outflow Streak to 9 Consecutive Trading Days