🔴 $ZEC Long Liquidation: $5.3607K at $225.23
ZEC just saw long liquidations, which signals downside pressure and potential continuation lower. The $225 level has now flipped into resistance, and bulls need to reclaim it fast to avoid further downside.
Immediate support sits at $210–$215, a key demand zone. If this breaks, the next major level is around $195–$200, which becomes the downside target 🎯.
On the upside, resistance is at $225–$232, and any rejection here could confirm bearish continuation. Only a strong reclaim above $232 would invalidate the bearish setup.
Risk-wise, stop-loss above $235 is reasonable for short positions. If price breaks above that, it signals strength returning.
Next move? Expect either a weak bounce into resistance followed by another drop, or direct continuation if sellers stay aggressive. After long liquidations, markets often seek deeper liquidity—don’t try to catch the bottom too early.
