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悠哉独自在
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ZEC fell from 1695 to 1376—was this round a leveraged “big cleanup,” or is the market really over?
This ZEC drop has indeed been pretty brutal.
From the high at 1695, it got dumped straight down—hitting a low around 1367. Now it’s hovering near 1376, and it’s down nearly 13 points in a single day.
Why did it fall this much?
Mainly because it had already surged too far beforehand. In the last 30 days it rose 64%, and over 180 days it jumped more than 4x. The profit positions piled up heavily—so once there’s even a little “wind and grass,” it easily triggers a chain-reaction stampede.
The daily chart is still holding and hasn’t fully gone bad, but the 4-hour MACD has already formed a dead cross, the green histogram is still expanding, and the 1-hour and 15-minute moving averages are all pressing downward.
On the short-term charts, weakness is obvious.
On the 4-hour timeframe, open interest (position size) dropped from 219 million to 155 million—leverage funds are withdrawing like crazy.
Funding rates even flashed down to -0.05% at one point, and the long/short account ratio fell directly to 0.70.
That suggests retail traders on this side are actually疯狂短空 (aggressively going short).
Next, let’s look at 1367—this is today’s low, and it’s the short-term line between life and death.
If it breaks, chances are it will test 1315.
Resistance is at 1483; above that is 1592.
Unless price can get back above 1483, any rebounds can only be viewed as weak rebounds.
If 1367 can hold up, and the trading volume shrinks and it goes sideways for a few days, then this move is likely a violent washout—washing out the leverage, after which there may still be opportunities.
But if it directly breaks through 1367, don’t try to guess the bottom—downside room may open up further.
My plan is simple:
I’m not rushing to buy.
Wait until it stops falling—if it stabilizes and consolidates with reduced volume around 1367 or 1315, then consider trying with a small position.
What do you think this ZEC move is—“pulling over cars to pick up people,” or the end of the trend?
#zec #zcash $ZEC
This ZEC drop has indeed been pretty brutal.
From the high at 1695, it got dumped straight down—hitting a low around 1367. Now it’s hovering near 1376, and it’s down nearly 13 points in a single day.
Why did it fall this much?
Mainly because it had already surged too far beforehand. In the last 30 days it rose 64%, and over 180 days it jumped more than 4x. The profit positions piled up heavily—so once there’s even a little “wind and grass,” it easily triggers a chain-reaction stampede.
The daily chart is still holding and hasn’t fully gone bad, but the 4-hour MACD has already formed a dead cross, the green histogram is still expanding, and the 1-hour and 15-minute moving averages are all pressing downward.
On the short-term charts, weakness is obvious.
On the 4-hour timeframe, open interest (position size) dropped from 219 million to 155 million—leverage funds are withdrawing like crazy.
Funding rates even flashed down to -0.05% at one point, and the long/short account ratio fell directly to 0.70.
That suggests retail traders on this side are actually疯狂短空 (aggressively going short).
Next, let’s look at 1367—this is today’s low, and it’s the short-term line between life and death.
If it breaks, chances are it will test 1315.
Resistance is at 1483; above that is 1592.
Unless price can get back above 1483, any rebounds can only be viewed as weak rebounds.
If 1367 can hold up, and the trading volume shrinks and it goes sideways for a few days, then this move is likely a violent washout—washing out the leverage, after which there may still be opportunities.
But if it directly breaks through 1367, don’t try to guess the bottom—downside room may open up further.
My plan is simple:
I’m not rushing to buy.
Wait until it stops falling—if it stabilizes and consolidates with reduced volume around 1367 or 1315, then consider trying with a small position.
What do you think this ZEC move is—“pulling over cars to pick up people,” or the end of the trend?
#zec #zcash $ZEC
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.