At $ZEC , they’ve already eaten through a $5.6 million buy wall. But the price didn’t move up.
On November 7, a large order around $1295 was fully filled, after which ZEC fell below that level.
Now, attention is on liquidations:
Above the price, about $7.4 million is concentrated around $1450.
Below it, $6 million is clustered around $1200.
ZEC is currently trading around $1262, much closer to the lower cluster.
This creates an interesting situation: liquidity is present on both sides, but the nearest major zone is below. If selling pressure continues, $1200 could become the next price magnet.
#ZEC #CryptoTrading #Liquidations
On November 7, a large order around $1295 was fully filled, after which ZEC fell below that level.
Now, attention is on liquidations:
Above the price, about $7.4 million is concentrated around $1450.
Below it, $6 million is clustered around $1200.
ZEC is currently trading around $1262, much closer to the lower cluster.
This creates an interesting situation: liquidity is present on both sides, but the nearest major zone is below. If selling pressure continues, $1200 could become the next price magnet.
#ZEC #CryptoTrading #Liquidations
