$ZEC just printed a sharp lesson as $1.2359K in longs disappeared at 321.76. When leverage gets cleaned in a single sweep, the chart often shifts from chaos to clarity. Strong hands stop reacting emotionally and start watching how price behaves around fresh liquidity pockets.
Right now the market is attempting to carve support near 318, with heavier demand likely waiting closer to 310 if pressure extends. On the upside, resistance is positioned around 330 and then 342 where prior momentum met supply. EP makes sense once buyers show they can defend the base and rotate upward with commitment. TP can be planned into 330 first and 342 on continuation. SL should be protected below 310 should the floor give way.
From the broader angle, $ZEC still carries potential for a larger recovery phase if it can rebuild acceptance above 330 and turn that zone into a platform. Achieve that and momentum traders will look for acceleration. Lose it, and the asset may spend more time ranging while accumulation quietly develops for the next expansion.
