ZEC | A BIG SHORT LIQUIDATION, BUT IS THE UPSIDE SUSTAINABLE?
ZEC deserves attention here.
Binance registered a $20.051K short liquidation at $883.73, making this one of the more notable liquidation events in the current group.
My interpretation is that bearish positioning has faced some pressure. However, I don't consider a liquidation spike sufficient evidence of a confirmed bullish reversal.
The next move around the $884 region is worth watching. If buyers maintain control and push through resistance, ZEC could have room to extend its recovery.
Important price zones:
Support:
S1: $875
S2: $860
Resistance:
R1: $900
R2: $925
My Conditional Trading Plan:
Entry: $900–$905 after a confirmed breakout and retest.
SL: Below $885.
TP1: $915
TP2: $935
TP3: $960
On the other hand, rejection near $900 followed by a breakdown below $875 would weaken the bullish outlook.
I won't blindly follow the liquidation signal. I want to see volume, candle structure, and buyers defending support before considering an entry.
The opportunity is there, but patience is essential. Protecting capital comes first.
This is my personal market view, not financial advice.
$ZEC #USSpotXRPETFsSeeLargestWeeklyOutflowIn8Months #USSpotXRPETFsSeeLargestWeeklyOutflowIn8Months #BitcoinActiveSupplyInProfitDropsBelow45% #WhoWillSucceedJensenHuangatNvidia?
ZEC deserves attention here.
Binance registered a $20.051K short liquidation at $883.73, making this one of the more notable liquidation events in the current group.
My interpretation is that bearish positioning has faced some pressure. However, I don't consider a liquidation spike sufficient evidence of a confirmed bullish reversal.
The next move around the $884 region is worth watching. If buyers maintain control and push through resistance, ZEC could have room to extend its recovery.
Important price zones:
Support:
S1: $875
S2: $860
Resistance:
R1: $900
R2: $925
My Conditional Trading Plan:
Entry: $900–$905 after a confirmed breakout and retest.
SL: Below $885.
TP1: $915
TP2: $935
TP3: $960
On the other hand, rejection near $900 followed by a breakdown below $875 would weaken the bullish outlook.
I won't blindly follow the liquidation signal. I want to see volume, candle structure, and buyers defending support before considering an entry.
The opportunity is there, but patience is essential. Protecting capital comes first.
This is my personal market view, not financial advice.
$ZEC #USSpotXRPETFsSeeLargestWeeklyOutflowIn8Months #USSpotXRPETFsSeeLargestWeeklyOutflowIn8Months #BitcoinActiveSupplyInProfitDropsBelow45% #WhoWillSucceedJensenHuangatNvidia?