ZEC recorded a $1.9929K long liquidation at $1,305.97, bringing attention to the current price area. This liquidation event suggests that leveraged long positions faced pressure, making the reaction around support particularly important. The first support zone to monitor is $1,290–$1,275. On the upside, resistance is located around $1,320–$1,340. A confirmed breakout above $1,340 could bring $1,360 and $1,380 into focus. If support fails, further weakness may develop. Volume and market structure should determine whether buyers can regain control.
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