$ZEC / USDT – Short Liquidations Could Fuel Another Move Higher
ZEC registered a $3.4016K short liquidation at $1,217.48. This suggests bearish traders were forced to close positions as the price moved against them. If buyers maintain control, short covering could contribute to further upside.
Potential Entry Zone: $1,210–$1,220
Upside Targets: $1,232 / $1,250
Downside Targets: $1,200 / $1,185
Protective Stop-Loss: Below $1,198 for a long setup
Short-Term Bias: Cautiously bullish
A sustained breakout above $1,220 could strengthen the bullish outlook. A rejection near resistance may instead trigger consolidation.
#BinancePick
#EarningsSeason
#DowDrops653Points
ZEC registered a $3.4016K short liquidation at $1,217.48. This suggests bearish traders were forced to close positions as the price moved against them. If buyers maintain control, short covering could contribute to further upside.
Potential Entry Zone: $1,210–$1,220
Upside Targets: $1,232 / $1,250
Downside Targets: $1,200 / $1,185
Protective Stop-Loss: Below $1,198 for a long setup
Short-Term Bias: Cautiously bullish
A sustained breakout above $1,220 could strengthen the bullish outlook. A rejection near resistance may instead trigger consolidation.
#BinancePick
#EarningsSeason
#DowDrops653Points