ZEC is down 1.07% today, trading at 1,325. It’s down 6.42% over the past 7 days but up 7.92% over the past 30 days, and has surged 748% in a year. This pullback has cooled off the raging bull run a bit.
Looking at liquidation data, $6.54 million in long positions and $2.96 million in short positions were liquidated over the past 24 hours. The longs have taken a hit, suggesting that some traders are taking profits. The long/short ratio is 0.70, while large traders’ positions stand at 1.70. Retail traders are heading for the exits, but the big players are still in the market.
If the price can hold at 1,320, it could consolidate and recover; if it breaks below that, watch for 1,300. That’s how these wild coins behave: they shoot up fast and fall just as quickly. Don’t try to call the top or buy the dip—just watch from the sidelines.
Looking at liquidation data, $6.54 million in long positions and $2.96 million in short positions were liquidated over the past 24 hours. The longs have taken a hit, suggesting that some traders are taking profits. The long/short ratio is 0.70, while large traders’ positions stand at 1.70. Retail traders are heading for the exits, but the big players are still in the market.
If the price can hold at 1,320, it could consolidate and recover; if it breaks below that, watch for 1,300. That’s how these wild coins behave: they shoot up fast and fall just as quickly. Don’t try to call the top or buy the dip—just watch from the sidelines.
