$ZEC faced long liquidations near $1,203.53, showing that leveraged buyers came under pressure. The market could see further weakness if buyers fail to recover this zone.
$ZEC — SHORT
Entry: 1,200 – 1,207
SL: 1,225
TP1: 1,185
TP2: 1,165
TP3: 1,140
TP4: 1,110
The liquidation event suggests that buyers are struggling around the $1,203 area. If ZEC fails to reclaim this level and sellers continue defending resistance, another downside move could develop. A weak retest with selling-volume confirmation would offer a better entry than chasing the drop.
#AIChipSlumpNasdaq
#BitcoinFiveWeeklyLosses
#TradFiForBeginners
#Binance
$ZEC — SHORT
Entry: 1,200 – 1,207
SL: 1,225
TP1: 1,185
TP2: 1,165
TP3: 1,140
TP4: 1,110
The liquidation event suggests that buyers are struggling around the $1,203 area. If ZEC fails to reclaim this level and sellers continue defending resistance, another downside move could develop. A weak retest with selling-volume confirmation would offer a better entry than chasing the drop.
#AIChipSlumpNasdaq
#BitcoinFiveWeeklyLosses
#TradFiForBeginners
#Binance
