Analyzing $ZEC
Driven by strong institutional interest, Grayscale’s ETF demand, and more than $26.5 million in short liquidations after breaking above $1,535, the market leaves us with a very interesting technical picture.
- Structure and Key Levels to Watch:
Main support (Floor): The zone between $1,480 and $1,500
- Immediate resistance: The $1,620 wall. If it’s broken with volume, the path opens toward the $1,700 - $1,750 zone.
What is smart money doing?
Whales are holding a strongly bullish stance (with an average price far below, around $974), and more than 71% of short traders are currently at a loss.
Consider an Trading Strategy:
1. Short term: Accumulate on pullbacks near the $1,480 - $1,500 support when volume stabilizes, or look for clean breakout trades above $1,620.
2. Take profit: Watch the supply zone around $1,650 - $1,700 if momentum begins to stall.
#analisistecnico
Driven by strong institutional interest, Grayscale’s ETF demand, and more than $26.5 million in short liquidations after breaking above $1,535, the market leaves us with a very interesting technical picture.
- Structure and Key Levels to Watch:
Main support (Floor): The zone between $1,480 and $1,500
- Immediate resistance: The $1,620 wall. If it’s broken with volume, the path opens toward the $1,700 - $1,750 zone.
What is smart money doing?
Whales are holding a strongly bullish stance (with an average price far below, around $974), and more than 71% of short traders are currently at a loss.
Consider an Trading Strategy:
1. Short term: Accumulate on pullbacks near the $1,480 - $1,500 support when volume stabilizes, or look for clean breakout trades above $1,620.
2. Take profit: Watch the supply zone around $1,650 - $1,700 if momentum begins to stall.
#analisistecnico
