$ZEC is making a modest recovery after a sharp drop, and late shorts could come under pressure if the rebound continues to gain ground
The 24-hour heatmap shows the price bouncing from a low around 1,230–1,240, while estimated liquidity bands above are concentrated around 1,260–1,275, and farther up at 1,285–1,295
If buyers hold the rebound low and break above the most recent recovery high, short covering could help fuel a move higher to test these liquidity clusters
However, this is still a rebound scenario following a sharp drop—not confirmation of a trend reversal, and certainly no reason to chase a Long
Will late short sellers manage to take profits in time, or will their closing orders provide more fuel for the next leg of the rebound?
The 24-hour heatmap shows the price bouncing from a low around 1,230–1,240, while estimated liquidity bands above are concentrated around 1,260–1,275, and farther up at 1,285–1,295
If buyers hold the rebound low and break above the most recent recovery high, short covering could help fuel a move higher to test these liquidity clusters
However, this is still a rebound scenario following a sharp drop—not confirmation of a trend reversal, and certainly no reason to chase a Long
Will late short sellers manage to take profits in time, or will their closing orders provide more fuel for the next leg of the rebound?
