ZEC's RSI just printed 80.
That's on the back of a +20.4% move with $468M in volume. A straight line from the day's low of 1,099 to the high at 1,386.
This is what short-term exhaustion looks like. The desk sees this as a move to fade, not chase. A rally this vertical into deep overbought territory rarely holds without a serious pullback, especially when the broader market is neutral.
We're watching for a retest of the EMA20 at 1,217. Who's buying this high?
$ZEC
More of these coming today. Follow to catch them as they land.
That's on the back of a +20.4% move with $468M in volume. A straight line from the day's low of 1,099 to the high at 1,386.
This is what short-term exhaustion looks like. The desk sees this as a move to fade, not chase. A rally this vertical into deep overbought territory rarely holds without a serious pullback, especially when the broader market is neutral.
We're watching for a retest of the EMA20 at 1,217. Who's buying this high?
$ZEC
More of these coming today. Follow to catch them as they land.
