$ZEC just lost the $1,000 handle, down about 15% on the day with a low near $960 and over $3B traded on futures. That's not a quiet dip, that's a proper flush after weeks of chopping above $1,200.
On the NanoTrading Fire chart (4h) the old value area is now way overhead: POC sits around $1,238 and VAL around $1,191, with heavy heat bands stacked from roughly $1,050 up to $1,100. Right at $1,000 there's a fat cluster of resting liquidity, so the round number is now the line that matters.
Futures side is interesting: OI dropped from ~$519M to ~$452M during the dump and is already creeping back to ~$482M, funding is basically flat (~0.006%), and the retail long/short account ratio flipped under 1 (0.96) while top traders are still net long (~1.48). Shorts are leaning in late.
My read: a 4h reclaim of $1,000 with OI rising opens a squeeze back into the $1,050-1,100 bands. Losing $960 means the bounce is fake and I step aside. 👀 Are you buying this $ZEC dip or waiting for $1,000 to flip first?
Source: NanoTrading Fire chart (nanotradingclub.xyz)
NFA, just my map.
#ZEC #Zcash #NanoTrading #CryptoTrading
On the NanoTrading Fire chart (4h) the old value area is now way overhead: POC sits around $1,238 and VAL around $1,191, with heavy heat bands stacked from roughly $1,050 up to $1,100. Right at $1,000 there's a fat cluster of resting liquidity, so the round number is now the line that matters.
Futures side is interesting: OI dropped from ~$519M to ~$452M during the dump and is already creeping back to ~$482M, funding is basically flat (~0.006%), and the retail long/short account ratio flipped under 1 (0.96) while top traders are still net long (~1.48). Shorts are leaning in late.
My read: a 4h reclaim of $1,000 with OI rising opens a squeeze back into the $1,050-1,100 bands. Losing $960 means the bounce is fake and I step aside. 👀 Are you buying this $ZEC dip or waiting for $1,000 to flip first?
Source: NanoTrading Fire chart (nanotradingclub.xyz)
NFA, just my map.
#ZEC #Zcash #NanoTrading #CryptoTrading
