Everyone's asking how high Zcash goes. Almost nobody's asking where they'd get liquidated.
Zcash perp at $1,245, +5.46%, 3218M volume, open interest 556K contracts.
Resistance $1,298 then $1,363
Support $1,178 then $1,113, deeper $943.99
7d range $932.00 to $1,298, 20D avg $943.99, price above
Funding 0.0078%, basically neutral. Neither side is desperate here.
Those are levels the chart has reacted to before, nothing more. Whether $1,178 holds again is not something anybody can promise you, and anyone who does is selling something.
Now the part nobody says out loud. This already moved +5.46%. If you fomo into leverage off a post like this and it turns, that's your position, your size, your liquidation. I'm drawing a map, I'm not driving your car.
Where's your invalidation?
Follow me if you want more of these as they come.
Levels off a public chart, shared as a personal view. Not a recommendation, not a signal, not an offer to trade. Do your own research. Anyone acting on this carries their own risk entirely.
#ZEC #Futures