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$ZEC Four-Hour Chart: The privacy coin 'meat grinder' is in motion, who will get rekt first, the bulls or the bears?
Zcash has had an extremely fragmented market this year—back in early April, it skyrocketed 30% to $340, riding the wave of the US-Iran ceasefire, with shielded pool positions soaring to a historic high of $5.18 billion; however, shortly after, platforms like OKX and Bit2Me announced delisting plans due to compliance pressures, causing the price to retrace.
After breaking out of a months-long descending triangle in early April, ZEC has been in a fierce 'liquidity battle' within the 300-400 range. The four-hour chart shows a委比 of -0.37%, indicating a delicate balance between bulls and bears. Whale clusters are placing large buy orders in the 300 zone to support the price, while above 400, another set of mega whales has erected a 'bear wall'—with sell orders stacked high, hunting retail traders in both directions.
In my personal view: Two months ago, Grayscale officially applied to the SEC to convert the Zcash trust into a spot ETF, plus institutional signals like Foundry entering the mining pool and ZODL raising $25 million, the long-term logic for ZEC hasn't collapsed.
But on the short term, leverage longs over $50 million are concentrated in the 305-306 area, and if we breach this 'powder keg', a cascading liquidation could push the price down to 290 or even 175. In this range, it's all about discipline, not faith.
My range trading advice:
Longs: Enter around the 317-318 range, with the first target at 323, second target at 328, and third target at 333.
Shorts: Enter around the 312-311 range, with the first target at 308, second target at 303, and third target at 295.
If you’re unsure about specific entry and exit points, and for those holding positions, you can follow me, as I’ll be posting daily coin updates and entry/exit points 24/7 in the trading village! 聊天室
#孙宇晨起诉World Liberty Financial #Arbitrum冻结黑客ETH $BTC $ETH
Zcash has had an extremely fragmented market this year—back in early April, it skyrocketed 30% to $340, riding the wave of the US-Iran ceasefire, with shielded pool positions soaring to a historic high of $5.18 billion; however, shortly after, platforms like OKX and Bit2Me announced delisting plans due to compliance pressures, causing the price to retrace.
After breaking out of a months-long descending triangle in early April, ZEC has been in a fierce 'liquidity battle' within the 300-400 range. The four-hour chart shows a委比 of -0.37%, indicating a delicate balance between bulls and bears. Whale clusters are placing large buy orders in the 300 zone to support the price, while above 400, another set of mega whales has erected a 'bear wall'—with sell orders stacked high, hunting retail traders in both directions.
In my personal view: Two months ago, Grayscale officially applied to the SEC to convert the Zcash trust into a spot ETF, plus institutional signals like Foundry entering the mining pool and ZODL raising $25 million, the long-term logic for ZEC hasn't collapsed.
But on the short term, leverage longs over $50 million are concentrated in the 305-306 area, and if we breach this 'powder keg', a cascading liquidation could push the price down to 290 or even 175. In this range, it's all about discipline, not faith.
My range trading advice:
Longs: Enter around the 317-318 range, with the first target at 323, second target at 328, and third target at 333.
Shorts: Enter around the 312-311 range, with the first target at 308, second target at 303, and third target at 295.
If you’re unsure about specific entry and exit points, and for those holding positions, you can follow me, as I’ll be posting daily coin updates and entry/exit points 24/7 in the trading village! 聊天室
#孙宇晨起诉World Liberty Financial #Arbitrum冻结黑客ETH $BTC $ETH