$ZEC / USDT – Long Liquidations Put Support to the Test

ZEC saw around $5.582K in long liquidations near $1,283. Forced closures of leveraged long positions can add selling pressure, especially when buyers are unable to defend a key price area. This makes the $1,283 level important for the next short-term move.

If ZEC struggles to recover above this zone, sellers could retain control. On the other hand, a quick reclaim would suggest that the liquidation-driven weakness may be fading.

Potential Entry Zone for Sellers:

$1,280 – $1,286

Downside Targets:

- Target 1: $1,272

- Target 2: $1,260

- Extended Target: $1,245

Protective Zone:

Stop-Loss: $1,298

A sustained recovery above this level would weaken the bearish outlook.

Market Bias: Short-Term Bearish

Selling pressure remains a concern while ZEC trades below the liquidation area. A confirmed rejection would provide stronger evidence for continuation.

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