$ZRO update: touched the 1.2-1.3 cluster.
The first post said:
"Just above price, there is a band between 0.96 and 1.0. Above that, a much stronger cluster sits between 1.2 and 1.3."
Price reached 1.20 today, touching the lower edge of the thickest cluster on the map. It's trading at 1.1789 right now.
The split is still strong
Top trader positions at 3.16 against the crowd's 1.05. The gap is wide, big accounts are long by more than three times the crowd.
Structure is still clean
OI at 5.8% of mcap, futures at 6.7x spot. Three posts running at this level, this hasn't been a leverage-inflated move.
Taker at 1.08, buyers are still the aggressive side.
How I read it
Price made its first touch of 1.20, the lower edge of the thickest zone on the map. Structure hasn't broken (OI/mcap and futures/spot are unchanged), so what got it here wasn't leverage-driven.
The real test hasn't happened yet. The 1.2-1.3 band is wide, too early to call it broken or rejected off one touch.
What I'm watching
Whether there's a sustained close above 1.20.
How OI behaves at this level, if it keeps climbing, new positioning is coming in.
You can follow this data in real time in the private group. Pinned post for details.
The first post said:
"Just above price, there is a band between 0.96 and 1.0. Above that, a much stronger cluster sits between 1.2 and 1.3."
Price reached 1.20 today, touching the lower edge of the thickest cluster on the map. It's trading at 1.1789 right now.
The split is still strong
Top trader positions at 3.16 against the crowd's 1.05. The gap is wide, big accounts are long by more than three times the crowd.
Structure is still clean
OI at 5.8% of mcap, futures at 6.7x spot. Three posts running at this level, this hasn't been a leverage-inflated move.
Taker at 1.08, buyers are still the aggressive side.
How I read it
Price made its first touch of 1.20, the lower edge of the thickest zone on the map. Structure hasn't broken (OI/mcap and futures/spot are unchanged), so what got it here wasn't leverage-driven.
The real test hasn't happened yet. The 1.2-1.3 band is wide, too early to call it broken or rejected off one touch.
What I'm watching
Whether there's a sustained close above 1.20.
How OI behaves at this level, if it keeps climbing, new positioning is coming in.
You can follow this data in real time in the private group. Pinned post for details.