A sudden shakeout just hit $ZEC as $1.4568K in long positions were liquidated at $207.37, signaling a sharp downside flush that forced bullish traders out of their positions. When long liquidations occur, the market often experiences a quick drop as positions close automatically, adding extra selling pressure. This move suggests short-term weakness around the $207 level, and if sellers maintain control, price could slide toward lower support zones before stabilizing.
Trade Setup Idea (Short Bias):
EP (Entry Price): $205
TP (Take Profit):
• TP1: $198
• TP2: $190
SL (Stop Loss): $212
SL Entry Level Kay Sat: $212 — if price breaks and holds above this level, the bearish setup becomes invalid.
Traders should monitor volume and liquidation clusters closely. More long liquidations below could accelerate the downside momentum. Always apply proper risk management in volatile markets.
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