My reading now for $ZEC
Price: ~1478
🟢 Upward factors
The 4-hour timeframe is still above EMA25 = 1422, so the bigger trend is still bullish.
On the 15m timeframe, RSI rose to 62.
MACD on the 15m timeframe is positive +1.64.
Price bounced from 1466.20.
The short positions are high:
L/S Ratio: 32% Long / 68% Short
Positions: 47.7% Long / 52.3% Short
Accounts: 31.3% Long / 68.7% Short
This means that any strong breakout above resistance could trigger consecutive short liquidations.
🔴 Downward factors
On the hourly chart, price is still below EMA7 and EMA25.
On the 4-hour chart, MACD has started to weaken.
Net money flow over the last 24 hours is negative by about -19K ZEC.
Immediate resistance is 1479–1482, then 1493.
🎯 The point I’m watching closely
1482 → 1493
If ZEC breaks above 1493 and holds above it, the picture changes clearly in my view in favor of the uptrend, and short pressure may begin.
But if it fails at 1480–1493 and falls back below 1474, the chance of a retest of 1466 increases.
My decision right now
I’m not chasing shorts here.
The reason isn’t that the drop has ended, but because price is close to the 1466 support and the market is clearly crowded with shorts.
If I were monitoring it moment by moment, the most important number for me right now is 1493. A break above it will be a much stronger signal than just a bounce off 1466.
Price: ~1478
🟢 Upward factors
The 4-hour timeframe is still above EMA25 = 1422, so the bigger trend is still bullish.
On the 15m timeframe, RSI rose to 62.
MACD on the 15m timeframe is positive +1.64.
Price bounced from 1466.20.
The short positions are high:
L/S Ratio: 32% Long / 68% Short
Positions: 47.7% Long / 52.3% Short
Accounts: 31.3% Long / 68.7% Short
This means that any strong breakout above resistance could trigger consecutive short liquidations.
🔴 Downward factors
On the hourly chart, price is still below EMA7 and EMA25.
On the 4-hour chart, MACD has started to weaken.
Net money flow over the last 24 hours is negative by about -19K ZEC.
Immediate resistance is 1479–1482, then 1493.
🎯 The point I’m watching closely
1482 → 1493
If ZEC breaks above 1493 and holds above it, the picture changes clearly in my view in favor of the uptrend, and short pressure may begin.
But if it fails at 1480–1493 and falls back below 1474, the chance of a retest of 1466 increases.
My decision right now
I’m not chasing shorts here.
The reason isn’t that the drop has ended, but because price is close to the 1466 support and the market is clearly crowded with shorts.
If I were monitoring it moment by moment, the most important number for me right now is 1493. A break above it will be a much stronger signal than just a bounce off 1466.
