đš ZEC DISCONTINUED AND LEAVES AN ALERT FOR THOSE WHO ENTERED THE UPSIDE
Zcash (ZEC) became one of todayâs biggest negative standouts in the market.
The price fell by about 12%, moving into the US$ 1,380â1,400 range, amid a strong wave of liquidations of long positions.
đč đ ZEC fell about 12% in todayâs move
đč đ„ More than US$ 16 million in long positions were liquidated in the last 24 hours
đč â ïž A single wave of liquidations reached more than US$ 10 million
đč đ Even with the pullback, ZEC still has a very significant gain over the recent period
đč đ Activity involving Zcash protected transactions is also drawing attention, with about 28.9% of the supply in protected pools on September 25.
The most important point here is that the drop didnât happen simply because âZEC lost momentum.â Leverage in the market helped accelerate the move: when many long positions are liquidated, forced selling can increase the pressure even more.
Now the question is:
đ Is this drop an opportunity for those who believe in ZEC, or is the market showing that the rally went too far?
#BinanceSquareTalks $ZEC #zcash #BTC
Zcash (ZEC) became one of todayâs biggest negative standouts in the market.
The price fell by about 12%, moving into the US$ 1,380â1,400 range, amid a strong wave of liquidations of long positions.
đč đ ZEC fell about 12% in todayâs move
đč đ„ More than US$ 16 million in long positions were liquidated in the last 24 hours
đč â ïž A single wave of liquidations reached more than US$ 10 million
đč đ Even with the pullback, ZEC still has a very significant gain over the recent period
đč đ Activity involving Zcash protected transactions is also drawing attention, with about 28.9% of the supply in protected pools on September 25.
The most important point here is that the drop didnât happen simply because âZEC lost momentum.â Leverage in the market helped accelerate the move: when many long positions are liquidated, forced selling can increase the pressure even more.
Now the question is:
đ Is this drop an opportunity for those who believe in ZEC, or is the market showing that the rally went too far?
#BinanceSquareTalks $ZEC #zcash #BTC
