WHY $ZEC PULLBACK DOESN’T LOOK LIKE A DUMP: SPOT BUYERS ARE STILL BUYING
Guys, $ZEC broke through $960 and pushed all the way to around $1,050. Now it’s consolidating near $1,025.
The interesting part is the flow. Futures saw around $4.16M in outflows as leveraged traders took profits, while spot buyers added around $270K in just 15 minutes.
That tells me spot demand is still absorbing the leverage flush instead of showing clear distribution.
I’m watching the $960–$1,000 zone as the key support area.
If $ZEC holds this zone, this could simply be a healthy cooldown after the $1K breakout.
#zec #ZECHitsANewAllTimeHigh
Guys, $ZEC broke through $960 and pushed all the way to around $1,050. Now it’s consolidating near $1,025.
The interesting part is the flow. Futures saw around $4.16M in outflows as leveraged traders took profits, while spot buyers added around $270K in just 15 minutes.
That tells me spot demand is still absorbing the leverage flush instead of showing clear distribution.
I’m watching the $960–$1,000 zone as the key support area.
If $ZEC holds this zone, this could simply be a healthy cooldown after the $1K breakout.
#zec #ZECHitsANewAllTimeHigh
