$ZEC Long Liquidation: $12.322K at $405.14
Explanation:
A $12.32K long liquidation at $405.14 shows buyers failed to defend this support, triggering forced exits of bullish positions. This breakdown traps long traders above the level, turning it into a supply zone, where trapped buyers may sell on any rebound, adding further downside pressure.
Next Move:
Staying below $404.90–$406.35 keeps buyers trapped and supports continued selling as they exit positions on price retests.
Targets Bearish Follow-Through:
TG1: $401.82
TG2: $398.51
TG3: $393.44
Pro Tip:
Avoid shorting immediately after the breakdown candle. Wait for a bounce into $404.90–$406.35 and only short if strong rejection forms. This reduces risk of entering during volatility and protects against sudden reversals.
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