$lZEC Momentum Is Building
$ZEC surged from $1,581.72 to $1,699 within an hour, while 4H short positioning increased from 66.83% to 70.90%.
Despite the crowded short side, price is still holding above the previous $1,625.91 high, keeping the bullish structure intact.
As long as this level continues to act as support, the recent breakout can remain constructive. A sustained move above $1,699 would strengthen the momentum, while a deeper loss of the $1,625 area could weaken the structure.
Crowded shorts may add volatility, but price structure remains the key factor to watch.
$ZEC surged from $1,581.72 to $1,699 within an hour, while 4H short positioning increased from 66.83% to 70.90%.
Despite the crowded short side, price is still holding above the previous $1,625.91 high, keeping the bullish structure intact.
As long as this level continues to act as support, the recent breakout can remain constructive. A sustained move above $1,699 would strengthen the momentum, while a deeper loss of the $1,625 area could weaken the structure.
Crowded shorts may add volatility, but price structure remains the key factor to watch.
