⚡ SHORT-TERM SIGNAL:
$ZEC /USDT (4H Chart Analysis) ⚡
$ZEC is currently down -5.8%, trading at a critical make-or-break level. The price is testing the 4H MA(50) support at $617.
Data shows an aggressive build-up of Short positions (52.2%), setting the stage for a potential Short Squeeze if the key support holds! 📈🚀
Trade Type: Long (Scalp / Swing)
Risk Level: Medium
🎯 Entry & Targets:
Entry Zone: $605 - $621 (Current Market Price / Layering entries down to MA 50 is ideal)
Take Profit 1: $645 (Immediate Resistance)
Take Profit 2: $665 (Mid-range liquidity)
Take Profit 3: $685 (Major Liquidity Pool)
🔴 Stop Loss: 4H candle close below $585 (Just below the major liquidation heatmap zone).
⚠️ Trader Note: The Coinglass Heatmap shows a heavy liquidity cluster around $590 - $596. Watch out for a quick wick down to sweep the remaining longs before the actual bounce. Manage your leverage and size wisely!
Are you shorting the breakdown or buying the MA(50) bounce? Let me know below! 👇
#ZEC #CryptoSignals #TechnicalAnalysis #Coinglass
#BinanceSquare $ZEC #ZECUSDT