Zcash is about to make short sellers regret it, and most of you are looking in the wrong direction.
$ZEC
Data from major institutions for the ZEC/USDT pair is showing a seriously imbalanced structure. Currently, 147 "whales" are holding Long positions worth $96 million with an average entry price of $443.14. This means that "smart money" is raking in profits, and they will defend their positions at all costs. The Long/Short ratio is at 411.96%, indicating an absolute dominance, which often leads to a strong volatility "squeeze."
My plan:
I'm closely watching the $550 mark. If ZEC holds its price structure above $550, I expect the price to continue towards the next liquidity zone at $600. Conversely, if it loses the support level of $540, I'll wait for a pullback to around $510 to flush out late Long positions.
Trading parameters:
- Entry idea: $548 - $552 (Confirming market strength)
- Take Profit (TP): $595 / $620
- Stop Loss (SL): $531
- Invalidating level: Close the daily candle below $528
Whales haven't offloaded yet; betting against them right now is a risky game.
#ZEC #TechnicalAnalysis #Whales #DauTu
$ZEC
Data from major institutions for the ZEC/USDT pair is showing a seriously imbalanced structure. Currently, 147 "whales" are holding Long positions worth $96 million with an average entry price of $443.14. This means that "smart money" is raking in profits, and they will defend their positions at all costs. The Long/Short ratio is at 411.96%, indicating an absolute dominance, which often leads to a strong volatility "squeeze."
My plan:
I'm closely watching the $550 mark. If ZEC holds its price structure above $550, I expect the price to continue towards the next liquidity zone at $600. Conversely, if it loses the support level of $540, I'll wait for a pullback to around $510 to flush out late Long positions.
Trading parameters:
- Entry idea: $548 - $552 (Confirming market strength)
- Take Profit (TP): $595 / $620
- Stop Loss (SL): $531
- Invalidating level: Close the daily candle below $528
Whales haven't offloaded yet; betting against them right now is a risky game.
#ZEC #TechnicalAnalysis #Whales #DauTu