$ZEC ZEC Long Liquidation: $9.9K flushed at 290.96
The wipe of late longs tells us weak hands were forced out, often giving the market room to rebalance before the next move. After a liquidation event like this, I usually watch for either a reclaim of the level or a continuation toward the next support pocket.
Plan I’m watching:
Entry zone: 288 – 292 If price stabilizes and shows absorption back above the liquidation print, a relief bounce can follow.
Stop loss: 282 Below this, momentum likely shifts and sellers may press harder.
Take profit: TP1: 298 TP2: 305 TP3: 312
Targets are based on nearby liquidity and previous reaction areas where traders may start closing positions.
Remember, a liquidation spike doesn’t guarantee reversal. Wait for confirmation, manage exposure, and never size too big. $ZEC #PEPEBrokeThroughDowntrendLine #USNFPBlowout {future}(ZECUSDT)