ZEC experienced a significant long liquidation of $11.739K around the $415.36 level, a move that has effectively reset short-term positioning and removed overleveraged longs from the market. This type of liquidation often acts as a catalyst rather than a weakness, and in this case, price has started to stabilize after a brief corrective phase. Following a short period of consolidation, ZEC is now showing signs of regaining bullish momentum as buyers step back in at discounted levels.
Structurally, ZEC is holding above a critical demand zone, suggesting that selling pressure is being absorbed rather than expanded. The market has shifted from aggressive downside moves to controlled price action, which typically precedes a breakout attempt. As volatility compresses, the probability of an upside expansion increases, especially if volume confirms the move.
Trade Setup
Entry Zone: $402.00 – $418.00
TP1: $448.00
TP2: $482.00
TP3: $525.00
Stop Loss: $372.00
Market sentiment is gradually turning positive as confidence rebuilds after the liquidation sweep. Traders are watching for continuation above resistance, with momentum favoring a bullish recovery scenario. As long as price respects the support range, the structure supports further upside potential for $ZEC in the sessions ahead.
#BinanceBlockchainWeek #CPIWatch #USJobsData #WriteToEarnUpgrade #TrumpTariffs