$ZEC : price at 1 396, buyers are checking resistance.
Hello, dear friends!
I continue to monitor $ZEC on Binance Futures. The price has risen to 1 370 USDT from #ZECUSDT , and the nearest resistance is in the 1 379–1 396 area.
On the 15m chart, the price is holding around AVL 1 367.83, but it has not yet consolidated above Supertrend 1 379.20. On the 4H and daily charts, the structure remains bullish: price is above the key indicators and the 1 360–1 368 zone.
Positioning is overheated toward shorts:
short accounts: 75.56%;
short positions: 56.58%;
funding: −0.02168%.
If $ZEC consolidates above 1 396, closing shorts could accelerate the move toward 1 420–1 450. If buyers fail to break through resistance and the price returns below 1 360, the next guideposts will be 1 335 and 1 300–1 310.
For now, I see a strong uptrend, but the price has already approached a zone where profit-taking is possible. To continue the growth, a breakout of 1 396 is needed—not just another test of the level.
This is my personal opinion and a technical observation. The material is not financial, investment, or trading advice.
#ZEC/USDT #ZECUSDT #BinanceFutures
Hello, dear friends!
I continue to monitor $ZEC on Binance Futures. The price has risen to 1 370 USDT from #ZECUSDT , and the nearest resistance is in the 1 379–1 396 area.
On the 15m chart, the price is holding around AVL 1 367.83, but it has not yet consolidated above Supertrend 1 379.20. On the 4H and daily charts, the structure remains bullish: price is above the key indicators and the 1 360–1 368 zone.
Positioning is overheated toward shorts:
short accounts: 75.56%;
short positions: 56.58%;
funding: −0.02168%.
If $ZEC consolidates above 1 396, closing shorts could accelerate the move toward 1 420–1 450. If buyers fail to break through resistance and the price returns below 1 360, the next guideposts will be 1 335 and 1 300–1 310.
For now, I see a strong uptrend, but the price has already approached a zone where profit-taking is possible. To continue the growth, a breakout of 1 396 is needed—not just another test of the level.
This is my personal opinion and a technical observation. The material is not financial, investment, or trading advice.
#ZEC/USDT #ZECUSDT #BinanceFutures
