$801.52 was the flush, not the bottom.
ZEC fell seven straight days, flushed through the $860 liquidation cluster, then bounced 12.6% to $902.
The cluster held $1.4 million in longs, and price flushed straight through it.
I think this is a flush clearing, not buyers arriving. If ZEC closes below $860 again, the bounce was a dead cat and $801 is back in play.
Show me spot buying, not short covering, and I will call it a bottom.
@Binance_News $ZEC #ZEC #Zcash
ZEC fell seven straight days, flushed through the $860 liquidation cluster, then bounced 12.6% to $902.
The cluster held $1.4 million in longs, and price flushed straight through it.
I think this is a flush clearing, not buyers arriving. If ZEC closes below $860 again, the bounce was a dead cat and $801 is back in play.
Show me spot buying, not short covering, and I will call it a bottom.
@Binance_News $ZEC #ZEC #Zcash
