I’ve been bullish on $ZEC since sentiment was heavily bearish around $400. But at some point, every parabolic move has to cool off, and this chart is starting to show the same kind of extreme deviation we’ve seen before major reversals. That doesn’t mean ZEC has to top today. It just means the risk has changed significantly. The funny part is seeing people who thought ZEC was too expensive at $400 suddenly calling it cheap at $1,200. When late longs pile into an already extended move, the market eventually has to clear that leverage and return toward a more balanced range before the next major expansion. #Macro Insights# #Altcoin Season#