$ZEC — Shorts Trapped, Momentum Rekindled
Short Liquidation: $16.489K at $422.78
Current Price: ~$428–435
This was a meaningful squeeze. ZEC forced shorts out aggressively, confirming buyers defended a critical zone.
Key State: Bullish continuation attempt
Support: $412 then $395
Resistance: $445 then $470
Market Insight: Large short liquidations after consolidation often precede continuation moves. ZEC is attempting to shift control back to buyers.
Sentiment: Improving, cautiously bullish
Targets:
Near-term: $445
Expansion: $470–485
Next Move: A hold above $422 keeps the upside thesis intact.
Pro Tip: When shorts get trapped at support, momentum usually follows.
ZEC
418.72
-6.53%