🔥 $ZEC is on fire right now – that 37% pump from 378 to 519 USDT has been wild! But man, it's testing some serious resistance up here around 515-520.
*Volume check: On the 4h chart, volume's been dropping off as we hit these highs (down to 267k-629k from earlier peaks over 1M). That's a classic divergence – buyers are getting a bit tired, so I'm watching for exhaustion.
*Capital flow: Big positive inflows overall in the last 24h (+127M USDT in contracts), which is super bullish, but short-term (1H/2H) we've seen some outflows – looks like profit-taking after that quick rally. Spot side has light outflows too (-201k), probably retail folks selling into the strength.
*Price action vibe: The chart's hugging the upper Bollinger Band, and the last few candles are showing hesitation with lower volume. Feels like it's deciding whether to break out or take a breather.
*My own thoughts $ZEC : Still cautiously bullish overall – trend is up, no doubt – but new longs at these levels feel risky.
- Best entry: Wait for a pullback to 485-495 (around MA10 support) – way better risk/reward.
- Current spot (around 515):bNot great for jumping in fresh; maybe even consider a small hedge if you're already long.
- Stop-loss:I ~3.5% below entry (ATR is about 13.79 right now, so plenty of room).
- Targets $ZEC : Primary at 548 (Resistance), secondary if it blasts through 525 (upper BB break).
Quick heads-up: After an 11% 24h run, sentiment is getting frothy. Could keep running, but a healthy pullback would set up the next leg much nicer. #zec #ZECUSDT #zcash