$ZRO just saw a long liquidation around the $1.65693 level, indicating a sharp downside liquidity sweep that flushed out overleveraged long positions and weakened short-term bullish structure. This move has pushed price into a critical demand zone around $1.60–$1.65 where buyers are expected to defend and attempt stabilization. If ZRO holds above this support area, a recovery toward immediate resistance near $1.72–$1.78 becomes the first upside objective, followed by a higher target around $1.90 where previous selling pressure emerged. Long liquidation events often reset momentum and prepare the market for a cleaner rebound. A breakdown below $1.60 would expose price to further downside toward $1.48 before stronger demand appears. Overall structure suggests a potential relief bounce if support holds. $ZRO #GateJanTransparencyReport
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$ZRO just saw a long liquidation around the $1.65693 level, indicating a sharp downside liquidity sweep that flushed out overleveraged long positions and weakened short-term bullish structure. This move has pushed price into a critical demand zone around $1.60–$1.65 where buyers are expected to defend and attempt stabilization. If ZRO holds above this support area, a recovery toward immediate resistance near $1.72–$1.78 becomes the first upside objective, followed by a higher target around $1.90 where previous selling pressure emerged. Long liquidation events often reset momentum and prepare the market for a cleaner rebound. A breakdown below $1.60 would expose price to further downside toward $1.48 before stronger demand appears. Overall structure suggests a potential relief bounce if support holds. $ZRO #GateJanTransparencyReport