$ZEC update: a $6.8M sell wall has been sitting at ~$1,253 for over 24 hours, right on the short whales’ average entry.
Price tested it once yesterday, reached ~$1,246 and got rejected.
Positioning now:
- Short whales still outnumber longs, 212 vs 166
- Short size trimmed from $146.6M to $135.7M
- Whales 57% long, crowd 45%
Two levels sit on top of each other here: the wall and the short whales’ entry. If the wall gets pulled or absorbed, short whales go into loss right away. Until then, $1,253 is the ceiling.
#ZEC #ZECUSDT
Price tested it once yesterday, reached ~$1,246 and got rejected.
Positioning now:
- Short whales still outnumber longs, 212 vs 166
- Short size trimmed from $146.6M to $135.7M
- Whales 57% long, crowd 45%
Two levels sit on top of each other here: the wall and the short whales’ entry. If the wall gets pulled or absorbed, short whales go into loss right away. Until then, $1,253 is the ceiling.
#ZEC #ZECUSDT