ZEC First check conditions: 24h price changes do not replace the confirmation from the 30m timeframe.
Binance USDT-margined perpetual｜24h -6.48%, current price 1329.96, 24h trading volume 1.976 billion.
Order flow: the 30m buy/sell ratio is 1.0093; buy and sell are nearly balanced—this is not net inflow data.
Reference indicators: the 30m ATR trend band reference level is around 1379.27; the current price is below it, which is slightly bearish; the 30m volume ratio is 0.244x.
Next there are two possible paths: one is for the buy/sell ratio to break above 1.10, and for the current price to reclaim the 30m ATR trend band reference level around 1379.27—only then can it be considered confirmed; the other is for the buy/sell ratio to drop below 0.90, or for the current price to fail to reclaim the 30m ATR trend band reference level around 1379.27—in which case downside pressure should still be watched.
Specifically: look at the next complete 30m candlestick—can the current price reclaim the area around 1379.27?
#ZEC #sudden-move alert
Binance USDT-margined perpetual｜24h -6.48%, current price 1329.96, 24h trading volume 1.976 billion.
Order flow: the 30m buy/sell ratio is 1.0093; buy and sell are nearly balanced—this is not net inflow data.
Reference indicators: the 30m ATR trend band reference level is around 1379.27; the current price is below it, which is slightly bearish; the 30m volume ratio is 0.244x.
Next there are two possible paths: one is for the buy/sell ratio to break above 1.10, and for the current price to reclaim the 30m ATR trend band reference level around 1379.27—only then can it be considered confirmed; the other is for the buy/sell ratio to drop below 0.90, or for the current price to fail to reclaim the 30m ATR trend band reference level around 1379.27—in which case downside pressure should still be watched.
Specifically: look at the next complete 30m candlestick—can the current price reclaim the area around 1379.27?
#ZEC #sudden-move alert