$ZEC 1540 It’s saying a few words.
After the 4h wick of the 1679 level, things stopped having momentum. It’s been grinding sideways under the MA25, and the volume keeps coming in shorter and shorter each time. The funding rate has been pushed down to 0.009%. The longs can’t even really get anything out of funding anymore.
I checked the smart money positions: there are 1,054 long positions, with an average price of only 1047. Unrealized profit is 120 million U, with a total position size of 380 million sitting there. Shorts are down to just 519 positions, with 43 million in size, and they’re currently down 2 million. The shorts have basically been squeezed out. What’s on the board now is mostly profitable long positions.
I’ve seen this kind of structure a lot: if you don’t smash it, then you just chop sideways. Chop sideways until the batch of long positions around the 1040 cost basis starts taking profit—one batch after another gets closed. Then, as the sideways range continues, the short side holding on eventually can’t take it and cuts. After all that that needs to be closed is closed, then the real direction shows up below.
The big-account long/short ratio over the last 4 hours slid all the way from 0.63 to 0.50. Big money hasn’t said much out loud, but their hands are quietly switching sides.
At the point where you could double in 30 days and multiply by 26 in a year—Lianchuang even opened his mouth to shout 5000. I choose to stand on the other side.
Don’t panic, Air Force—this round has a chance.
#ZEC #Zcash
After the 4h wick of the 1679 level, things stopped having momentum. It’s been grinding sideways under the MA25, and the volume keeps coming in shorter and shorter each time. The funding rate has been pushed down to 0.009%. The longs can’t even really get anything out of funding anymore.
I checked the smart money positions: there are 1,054 long positions, with an average price of only 1047. Unrealized profit is 120 million U, with a total position size of 380 million sitting there. Shorts are down to just 519 positions, with 43 million in size, and they’re currently down 2 million. The shorts have basically been squeezed out. What’s on the board now is mostly profitable long positions.
I’ve seen this kind of structure a lot: if you don’t smash it, then you just chop sideways. Chop sideways until the batch of long positions around the 1040 cost basis starts taking profit—one batch after another gets closed. Then, as the sideways range continues, the short side holding on eventually can’t take it and cuts. After all that that needs to be closed is closed, then the real direction shows up below.
The big-account long/short ratio over the last 4 hours slid all the way from 0.63 to 0.50. Big money hasn’t said much out loud, but their hands are quietly switching sides.
At the point where you could double in 30 days and multiply by 26 in a year—Lianchuang even opened his mouth to shout 5000. I choose to stand on the other side.
Don’t panic, Air Force—this round has a chance.
#ZEC #Zcash
