Don’t get shaken out by short-term volatility—the broader downtrend in ZEC is still intact.
Don’t blindly trust calls based only on 15-minute candles. $ZEC On the 4-hour and daily charts, the trend has been consistently downward, plunging from 1697 to 1271, rebounding to 1384 before being pushed back to 1321. Each high is lower than the last, all the moving averages are fanning downward, and MACD has remained below the zero line—this isn’t a bottom forming; it’s just a breather during the decline.
As for futures data, retail traders are still adding to long positions while short positions are becoming increasingly concentrated. Grayscale’s Zcash ETF continues to see outflows, and large on-chain transfers are frequent. Smart money is using the rebound to sell.
I opened my short at 1486 and am sitting on a 110% unrealized profit, but I haven’t closed it. If the previous low of 1271 breaks, 1250 and 1200 are both plausible targets. Manage your position size and stay firm with your long-term short. $BTC $SOL
Don’t blindly trust calls based only on 15-minute candles. $ZEC On the 4-hour and daily charts, the trend has been consistently downward, plunging from 1697 to 1271, rebounding to 1384 before being pushed back to 1321. Each high is lower than the last, all the moving averages are fanning downward, and MACD has remained below the zero line—this isn’t a bottom forming; it’s just a breather during the decline.
As for futures data, retail traders are still adding to long positions while short positions are becoming increasingly concentrated. Grayscale’s Zcash ETF continues to see outflows, and large on-chain transfers are frequent. Smart money is using the rebound to sell.
I opened my short at 1486 and am sitting on a 110% unrealized profit, but I haven’t closed it. If the previous low of 1271 breaks, 1250 and 1200 are both plausible targets. Manage your position size and stay firm with your long-term short. $BTC $SOL