$ZEC Over the weekend, a rapid price surge was noted with an increase in open interest and a concentration of spot positions on Binance at the beginning and during of the last uptrend.
Meanwhile, there was no increase in open interest on the futures, which gave reason to suspect manipulation.
On the monthly chart, this move was slightly higher than this month's opening, and judging by the monthly chart, there is a high probability that the price will be delivered much lower than the current level.
Note that the EMA (25) is at 154.
On the 4H chart, yesterday's price spikes upward without any continuation of the uptrend are a clear sign of stop-loss hunting for shorts.
I have a short position open targeting the gap zone of 262-242.
#MarketRebound #zec