$ZEC — Short Squeeze Meets Resistance 🟢
ZEC saw approximately $20.62K in short liquidations near $1,175.56. The forced closing of shorts can fuel additional upside, but the larger structure matters: recent analysis identifies resistance around $1,187 and $1,288, with sellers potentially defending higher levels. citeturn601786search1turn601786search7
Support: $1,145–$1,175
Resistance: $1,187–$1,230
Next Target: $1,288, if buyers establish a confirmed breakout
Confirmation: Holding above $1,175 and reclaiming the $1,230 area would strengthen the bullish case. A breakdown below support could expose the $1,072 area.
Let's go $ZEC 🚀
#ZEC #Zcash #CryptoAnalysis #MarketStructure
ZEC saw approximately $20.62K in short liquidations near $1,175.56. The forced closing of shorts can fuel additional upside, but the larger structure matters: recent analysis identifies resistance around $1,187 and $1,288, with sellers potentially defending higher levels. citeturn601786search1turn601786search7
Support: $1,145–$1,175
Resistance: $1,187–$1,230
Next Target: $1,288, if buyers establish a confirmed breakout
Confirmation: Holding above $1,175 and reclaiming the $1,230 area would strengthen the bullish case. A breakdown below support could expose the $1,072 area.
Let's go $ZEC 🚀
#ZEC #Zcash #CryptoAnalysis #MarketStructure