⚠️ ZEC UNDER PRESSURE — $114K IN LONG POSITIONS SWEPT AWAY!
🔴 Zcash (ZEC) Long Liquidation: $114,000 at $1,141.09
The latest liquidation hit has put ZEC traders on notice. Around $114K in leveraged long positions were wiped out near $1,141.09, signaling that bullish traders took a hit at this price level. The next move depends on whether buyers can regain control or sellers push the price lower.
📍 Critical Levels to Watch
- Liquidation Reference: $1,141.09
- Support Zone: $1,125–$1,135
- First Resistance: $1,155–$1,170
- Upside Target Zone: $1,185–$1,200 if bullish momentum returns
- Bearish Breakdown: A confirmed move below $1,125 could expose ZEC to further downside.
📉 Market Bias: Cautious Until Recovery
My short-term view is neutral-to-bearish while ZEC struggles to reclaim the liquidation area. If sellers maintain control and support gives way, another downward leg becomes possible. However, a strong reclaim above $1,155 with solid buying volume could invalidate the immediate bearish setup and trigger a recovery attempt.
🎯 Pro Trading Approach: Watch the reaction around $1,125–$1,135. Wait for a confirmed breakout or breakdown rather than entering based on liquidation data alone.
⚠️ Risk Management: These levels are indicative scenarios, not verified live support or resistance. Use a defined stop-loss and avoid excessive leverage.
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