$ZEC : Will 1210 hold or break? One sentence each for bulls and bears.
ZEC perpetuals are currently at 1226, down 2.4% over 24h, with a range of 1210–1264 and trading volume of 830 million U. On Binance perpetuals, it ranks behind only BTC and ETH.
Bullish: The low on October 30 was 1207, and today buyers stepped in again at 1210. The funding rate is only +0.01%, so positioning isn’t crowded.
Bearish: Since the October 29 high of 1397, 4-hour highs have kept falling, reaching 1242. The long/short account ratio rose from 0.995 to 1.069, with retail traders adding longs, while open interest has stayed around 520 million U without rising.
I’ll be watching to see whether the 4-hour candle can close above 1207.
Are you bullish or bearish?
The above does not constitute investment advice.
ZEC perpetuals are currently at 1226, down 2.4% over 24h, with a range of 1210–1264 and trading volume of 830 million U. On Binance perpetuals, it ranks behind only BTC and ETH.
Bullish: The low on October 30 was 1207, and today buyers stepped in again at 1210. The funding rate is only +0.01%, so positioning isn’t crowded.
Bearish: Since the October 29 high of 1397, 4-hour highs have kept falling, reaching 1242. The long/short account ratio rose from 0.995 to 1.069, with retail traders adding longs, while open interest has stayed around 520 million U without rising.
I’ll be watching to see whether the 4-hour candle can close above 1207.
Are you bullish or bearish?
The above does not constitute investment advice.