$ZEC this script is so wild even the writers wouldn’t dare write it: from 327 to 1699, a fivefold move, and on the way it sent all the bears shorting it packing — the guy at the square carrying a -80,000 U short is now a full-blown running series across the entire platform. After peaking on September 26, it pulled back 22% over ten days to 1270, then climbed back these past two days; the current price is 1330.
Right now bulls and bears are fighting it out, and I’ve gone through both sides’ ammo:
The bearish case: ZEC’s ETF saw its first-ever net outflow last week, and it was a huge one — 93.6 million dollars gone in one shot; the 19,000 coins stolen by hackers from bitget are still sitting in an anonymous pool, untouched, with two knives hanging overhead.
The bullish case: after bottoming at 1270, it printed two consecutive green candles without breaking structure, 24-hour trading volume is 1.1 billion U, and the funding rate is 0.0001 — as neutral as plain water. The bulls aren’t overexcited, the bears aren’t crowded either, and the big players are just playing dead and waiting.
Plain English: 1300 is the step, 1368 is yesterday’s gate, above that look to 1440, and then 1699 is the old grave marker. If 1270 breaks, don’t reach for it — that’s the waistband of this trend. As long as the trend isn’t broken, every deep pullback is part of a bigger move.
A fivefold bull run’s pullback has always been a knife-edge game: if you lick the blade right, it’s a big meal; if you lick too hard, you won’t even have a tongue left. For those shorting ZEC now and those holding shorts in ZEC, shake hands in the comments 🤝
Right now bulls and bears are fighting it out, and I’ve gone through both sides’ ammo:
The bearish case: ZEC’s ETF saw its first-ever net outflow last week, and it was a huge one — 93.6 million dollars gone in one shot; the 19,000 coins stolen by hackers from bitget are still sitting in an anonymous pool, untouched, with two knives hanging overhead.
The bullish case: after bottoming at 1270, it printed two consecutive green candles without breaking structure, 24-hour trading volume is 1.1 billion U, and the funding rate is 0.0001 — as neutral as plain water. The bulls aren’t overexcited, the bears aren’t crowded either, and the big players are just playing dead and waiting.
Plain English: 1300 is the step, 1368 is yesterday’s gate, above that look to 1440, and then 1699 is the old grave marker. If 1270 breaks, don’t reach for it — that’s the waistband of this trend. As long as the trend isn’t broken, every deep pullback is part of a bigger move.
A fivefold bull run’s pullback has always been a knife-edge game: if you lick the blade right, it’s a big meal; if you lick too hard, you won’t even have a tongue left. For those shorting ZEC now and those holding shorts in ZEC, shake hands in the comments 🤝
