this move has short squeeze written all over it
zec at 1,471 up nearly 20% today fresh territory not seen since 2016
but look closer this is trading 20 to 25% above its own short term averages a genuinely extreme extension
a large 26 million dollar short just got forced toward liquidation another 1 million short already got fully wiped overnight
that's not organic buying that's forced covering and forced covering runs out fast once the shorts are gone the artificial bid disappears with them
watch 1,389 first close back below that and the squeeze thesis starts cracking
break 1,294 with volume and this likely accelerates back toward 1,150 to 1,200 the old resistance zone
fundamentals aren't fake here nu7 upgrade passed 99% ledger integration real etf inflows but even real fundamentals don't stop a move this stretched from correcting hard
not calling a top just calling the risk exactly what it is
$ZEC
#ParadigmDisclosesZECHolding #BitcoinSurpasses$77000
zec at 1,471 up nearly 20% today fresh territory not seen since 2016
but look closer this is trading 20 to 25% above its own short term averages a genuinely extreme extension
a large 26 million dollar short just got forced toward liquidation another 1 million short already got fully wiped overnight
that's not organic buying that's forced covering and forced covering runs out fast once the shorts are gone the artificial bid disappears with them
watch 1,389 first close back below that and the squeeze thesis starts cracking
break 1,294 with volume and this likely accelerates back toward 1,150 to 1,200 the old resistance zone
fundamentals aren't fake here nu7 upgrade passed 99% ledger integration real etf inflows but even real fundamentals don't stop a move this stretched from correcting hard
not calling a top just calling the risk exactly what it is
$ZEC
#ParadigmDisclosesZECHolding #BitcoinSurpasses$77000
