$ZEC recorded the largest liquidation in this batch, with $155K in long positions wiped out. The daily chart retains a broader bullish bias, but short-term weakness and extreme volatility make a recovery uncertain until buyers reclaim nearby resistance.
Support: $1,102, then $1,009
Resistance: $1,176, then $1,263
Next Target: $1,102 on continued weakness; $1,263 if buyers reclaim resistance.
Invalidation: A sustained daily close above $1,176 would weaken the immediate bearish scenario.
If sellers keep price below $1,176, another move toward the support liquidity zone remains possible. Watch for a breakdown confirmation rather than chasing the liquidation candle.
Let's go $ZEC 🚀
Support: $1,102, then $1,009
Resistance: $1,176, then $1,263
Next Target: $1,102 on continued weakness; $1,263 if buyers reclaim resistance.
Invalidation: A sustained daily close above $1,176 would weaken the immediate bearish scenario.
If sellers keep price below $1,176, another move toward the support liquidity zone remains possible. Watch for a breakdown confirmation rather than chasing the liquidation candle.
Let's go $ZEC 🚀