$ZEC high-level millstone, after doubling within 30 days, it’s now entering a range-bound tug-of-war.
Just dropped from 1396; although the bigger trend is still above the moving average, the hourly MACD has already formed a dead cross, and the volume behind the bulls’ push can’t keep up.
The funding rate remains negative, and the big players’ long positions aren’t especially high—there isn’t that kind of mindless, frenzied crowding.
Right now, neither bulls nor bears have clearly gained a decisive advantage; in this position, chasing orders is easy to get repeatedly swept back and forth. After a big rise, during this consolidation phase, the margin for error is very low.
#ZEC
Just dropped from 1396; although the bigger trend is still above the moving average, the hourly MACD has already formed a dead cross, and the volume behind the bulls’ push can’t keep up.
The funding rate remains negative, and the big players’ long positions aren’t especially high—there isn’t that kind of mindless, frenzied crowding.
Right now, neither bulls nor bears have clearly gained a decisive advantage; in this position, chasing orders is easy to get repeatedly swept back and forth. After a big rise, during this consolidation phase, the margin for error is very low.
#ZEC
