$ZEC is chopping around 1,263 after a fast 4h push from 1,234 to 1,284 got sold right back. Still up about 1.5% on the day, but that wick at 1,284 tells me sellers are sitting up there.
On the NanoTrading Fire chart the 4h profile puts the POC at 1,220, with a long liq cluster of roughly $376M around 1,222-1,225 and another ~$372M near 1,240-1,245. Above, the big one is a ~$388M short cluster around 1,310-1,315, right near what looks like the value area high at ~1,302. The heavy order bands are mostly below price, 1,200 and 1,100-1,170.
Binance perps: OI jumped from about $518M to $545M on that pump, so new positions came in, not just shorts covering. Funding flipped back positive at ~0.01%, but the global long/short dropped from 1.07 to 0.94, so retail actually leaned short into it while top traders stay long-ish at 1.32.
My read: as long as $ZEC holds 1,240 I lean toward a retry of 1,300-1,315 to hunt that short pocket. Lose 1,240 on a 4h close and I expect a sweep into the 1,220 POC first.
Are you buying the 1,240 retest or waiting for the POC?
NFA, just my chart notes 👀
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#ZEC #NanoTrading #Privacy
On the NanoTrading Fire chart the 4h profile puts the POC at 1,220, with a long liq cluster of roughly $376M around 1,222-1,225 and another ~$372M near 1,240-1,245. Above, the big one is a ~$388M short cluster around 1,310-1,315, right near what looks like the value area high at ~1,302. The heavy order bands are mostly below price, 1,200 and 1,100-1,170.
Binance perps: OI jumped from about $518M to $545M on that pump, so new positions came in, not just shorts covering. Funding flipped back positive at ~0.01%, but the global long/short dropped from 1.07 to 0.94, so retail actually leaned short into it while top traders stay long-ish at 1.32.
My read: as long as $ZEC holds 1,240 I lean toward a retry of 1,300-1,315 to hunt that short pocket. Lose 1,240 on a 4h close and I expect a sweep into the 1,220 POC first.
Are you buying the 1,240 retest or waiting for the POC?
NFA, just my chart notes 👀
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#ZEC #NanoTrading #Privacy
