Let me share what I found on Zcash.")
$ZEC
dropped 6.32% today to $473.67. The fear is real, but the numbers are telling me a different story. The Long/Short ratio is 0.69x. That means there are more shorts than longs. Way more. The funding rate is -1.0000%, the maximum negative. The bears are paying the highest fee possible to stay short. That is expensive. That is painful. And it is not sustainable. The stop-hunt probability is 50%, showing buy-side liquidity targeted. The whales are trying to push the price lower to trigger stop-losses, not because they actually want to sell. Whale activity shows 71% selling pressure. That looks bearish on the surface, but I interpret it as a final shakeout. The price is holding above $470 support, which has been solid for weeks. If that holds, I see a path to $510 first, and then $710. That is a 50% upside from here. The bears are overcrowded, and when they start covering, it could get violent. What is your read on ZEC?
$ZEC
dropped 6.32% today to $473.67. The fear is real, but the numbers are telling me a different story. The Long/Short ratio is 0.69x. That means there are more shorts than longs. Way more. The funding rate is -1.0000%, the maximum negative. The bears are paying the highest fee possible to stay short. That is expensive. That is painful. And it is not sustainable. The stop-hunt probability is 50%, showing buy-side liquidity targeted. The whales are trying to push the price lower to trigger stop-losses, not because they actually want to sell. Whale activity shows 71% selling pressure. That looks bearish on the surface, but I interpret it as a final shakeout. The price is holding above $470 support, which has been solid for weeks. If that holds, I see a path to $510 first, and then $710. That is a 50% upside from here. The bears are overcrowded, and when they start covering, it could get violent. What is your read on ZEC?