$ZEC Long Liquidation: $8.5302K at $426.51
A $8.53K long liquidation at $426.51 signals that buyers failed to protect a key support after aggressive leverage entries. This breakdown forces trapped long traders to exit at a loss, converting the breakdown area into short-term supply. Any bounce into this zone is likely to face selling pressure from trapped positions unloading.
Next Move
Staying below $425.80–$427.60 keeps long traders trapped and favors continued bearish pressure as forced exits act as additional sell orders during each retest.
Bearish Follow-Through Targets
TG1: $421.90
TG2: $416.30
TG3: $408.70
Pro Tip
Avoid shorting the breakdown candle immediately. Wait for a bounce into $425.80–$427.60 and only enter if a clear rejection forms. This eliminates fake breakdown risk and gives a controlled, high-accuracy setup.
