$ZEC is drifting lower again, sitting around 1,250 after topping out near 1,290 in the last 24h. Not a dump, just a slow bleed into support.
The NanoTrading Fire chart (4h) has a bright liquidation band right under price at 1,225-1,235, which lines up with the POC near 1,225. Below that, the fattest cluster on the whole chart sits at 1,155-1,175, basically on the value area low (~1,153). Above, the bands are thinner: 1,300-1,310 first, then 1,340-1,350 and 1,385-1,395 near last week's wick high.
Binance futures is what caught my eye. Funding went from +0.010% to -0.0088% over the last four prints while OI stayed flat around 428K $ZEC . So nobody's really leaving, shorts are just getting more comfortable. Accounts are about 50/50, top traders lean long at ~1.34.
My read: 1,225 is the line. Hold it with funding negative and a squeeze toward 1,300 is on the table. Lose it on a 4h close and that 1,160 liquidation pool is the magnet.
Squeeze to 1,300 first, or does 1,160 get tagged before that?
NFA, just my chart notes.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#ZEC #Zcash #NanoTrading
The NanoTrading Fire chart (4h) has a bright liquidation band right under price at 1,225-1,235, which lines up with the POC near 1,225. Below that, the fattest cluster on the whole chart sits at 1,155-1,175, basically on the value area low (~1,153). Above, the bands are thinner: 1,300-1,310 first, then 1,340-1,350 and 1,385-1,395 near last week's wick high.
Binance futures is what caught my eye. Funding went from +0.010% to -0.0088% over the last four prints while OI stayed flat around 428K $ZEC . So nobody's really leaving, shorts are just getting more comfortable. Accounts are about 50/50, top traders lean long at ~1.34.
My read: 1,225 is the line. Hold it with funding negative and a squeeze toward 1,300 is on the table. Lose it on a 4h close and that 1,160 liquidation pool is the magnet.
Squeeze to 1,300 first, or does 1,160 get tagged before that?
NFA, just my chart notes.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
#ZEC #Zcash #NanoTrading
