Everyone is watching this overextended rally on $ZEC , but missing the distribution phase setting up at local highs.
After an explosive vertical run from $500 up to $880, momentum has stalled into a tight, lower-high consolidation pattern on the 4-hour chart. The inability to make new highs after such a massive impulse signals that buying power is rapidly waning.
A failure to reclaim the $851 level keeps the short-position thesis valid, targeting a mean-reversion move down toward $633 to fill the lower liquidity void. Securing a stop loss around $933 protects against any final short-squeeze spikes.
Vertical surges attract late FOMO buyers right before market structure shifts toward correction.
#ZEC #Zcash #CryptoAnalysis #TechnicalAnalysis
After an explosive vertical run from $500 up to $880, momentum has stalled into a tight, lower-high consolidation pattern on the 4-hour chart. The inability to make new highs after such a massive impulse signals that buying power is rapidly waning.
A failure to reclaim the $851 level keeps the short-position thesis valid, targeting a mean-reversion move down toward $633 to fill the lower liquidity void. Securing a stop loss around $933 protects against any final short-squeeze spikes.
Vertical surges attract late FOMO buyers right before market structure shifts toward correction.
#ZEC #Zcash #CryptoAnalysis #TechnicalAnalysis
