$ZEC experienced a $14.277K long liquidation near $1,182.06, highlighting significant leveraged buying pressure getting flushed out. The key question now is whether sellers can maintain control or buyers step in to defend the recent liquidity sweep.
Liquidation Level: $1,182.06
Support: $1,165 – $1,145
Resistance: $1,195 – $1,220
Next Target: $1,130
Bullish Invalidation: Reclaim and sustain above $1,220.
Continued weakness below support could create room for another downside move. However, a strong recovery above resistance may signal that buyers are regaining control.
Let's go $ZEC 🚀