🔥 $ZEC showing serious momentum
A powerful +37% rally from the 378 area to around 519 USDT has put ZEC back in focus. Price is now pressing into a heavy resistance zone near 515–520, where supply is starting to show up.
📉 Volume Perspective (4H):
As price pushed higher, volume faded — dropping from earlier 1M+ spikes to the 267k–629k range. This divergence often hints at buyer exhaustion, especially near key resistance.
💰 Capital Flow Snapshot:
• 24H derivatives inflow: +127M USDT → strong bullish participation
• Short-term (1H/2H): Net outflows suggest profit-taking after the fast move
• Spot flow: Mild outflow (-201k), likely retail selling into strength
📊 Price Action Read:
ZEC is riding the upper Bollinger Band, but recent candles show hesitation and lighter volume. Market structure suggests a decision point — continuation or consolidation.
🧠 My View on $ZEC:
The broader trend remains bullish, but chasing longs at current levels carries risk.
🎯 Strategic Levels:
• Preferred pullback entry: 485–495 (near MA10 support)
• Current price (~515): Not ideal for fresh entries; consider light hedging if already long
• Stop-loss: ~3.5% below entry (ATR ≈ 13.8)
• Targets:
• Primary: 548
• Extension: If price breaks and holds above 525
⚠️ Final Note:
After an 11% move in 24 hours, sentiment is heating up. Momentum may continue, but a controlled pullback would create a healthier setup for the next leg.