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$ZEC triggered a short liquidation event, forcing bearish traders to cover positions as price pushed higher and bullish momentum strengthened.
The liquidation-driven buying pressure has reinforced market confidence and suggests buyers are regaining control after recent volatility.
EP
495.00 - 502.00
TP
TP1 515.00
TP2 535.00
TP3 565.00
SL
485.00
Liquidity was taken above recent highs, clearing short positions and generating additional buy-side pressure.
The recent squeeze signals strong demand around current levels, while the removal of bearish leverage creates favorable conditions for further upside expansion.
As long as price remains above the reclaimed support zone, the bullish structure stays intact and favors continuation toward higher resistance levels.
A decisive break above 515.00 could attract fresh momentum traders and accelerate the move toward the next liquidity targets.
The short squeeze has shifted sentiment back in favor of the bulls, putting $ZEC among the stronger momentum setups currently developing.
Let’s go $ZEC