$ZEC 1D: Consolidating with heavy bearish bias.
Price chopping around 395-410 after the drop. Selling not aggressive anymore, but buying interest still weak.
1. Volume: Big drop came with massive volume (7-10M, capitulation vibes). Latest candles volume crashed to ~1.25M → selling pressure drying up.
2. Capital flows: Futures heavy outflows longer-term (3D -64M, 5D -70M) → leveraged longs getting wrecked. But 12H saw +25M inflow, short-term mixed. Spot net negative → retail demand weak.
#zec #ZECUSDT Cautiously bearish.
- Short on clean break below 395-398 (key support), confirmed by rising volume
→ Target 360
- SL 410-415 (above recent highs)
🔔 Counter-trend long only on clear reversal (bullish engulfing + hold 360), but bears still dominating. #zcash
{future}(ZECUSDT)
Price chopping around 395-410 after the drop. Selling not aggressive anymore, but buying interest still weak.
1. Volume: Big drop came with massive volume (7-10M, capitulation vibes). Latest candles volume crashed to ~1.25M → selling pressure drying up.
2. Capital flows: Futures heavy outflows longer-term (3D -64M, 5D -70M) → leveraged longs getting wrecked. But 12H saw +25M inflow, short-term mixed. Spot net negative → retail demand weak.
#zec #ZECUSDT Cautiously bearish.
- Short on clean break below 395-398 (key support), confirmed by rising volume
→ Target 360
- SL 410-415 (above recent highs)
🔔 Counter-trend long only on clear reversal (bullish engulfing + hold 360), but bears still dominating. #zcash
{future}(ZECUSDT)
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ZEC
404.15
+2.05%