$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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