$ZEC has been stuck in a 1,180 to 1,398 box since the Oct 29 incident day. Price sits in the middle, near 1,258.
It's busy too: 97M USDT in 24h spot volume, ahead of SOL (88M) and BNB (70M).
Levels:
- 1,398: Oct 29 high. Sellers took it straight back down.
- 1,300: the Oct 31 high was 1,297.77, rejected right under it.
- 1,207 to 1,211: Oct 29 low and Nov 1 low. Held twice.
- 1,180: Oct 30 low, the bottom of the box.
- 1,118: Oct 24 low. Under 1,180, that's the next stop.
Funding is +0.0100%, the base rate. Open interest about 533M USD.
My plan: no trade in the middle. A daily close above 1,300 or under 1,207 picks the side.
NFA. Which does ZEC close beyond first: 1,300 or 1,207?
It's busy too: 97M USDT in 24h spot volume, ahead of SOL (88M) and BNB (70M).
Levels:
- 1,398: Oct 29 high. Sellers took it straight back down.
- 1,300: the Oct 31 high was 1,297.77, rejected right under it.
- 1,207 to 1,211: Oct 29 low and Nov 1 low. Held twice.
- 1,180: Oct 30 low, the bottom of the box.
- 1,118: Oct 24 low. Under 1,180, that's the next stop.
Funding is +0.0100%, the base rate. Open interest about 533M USD.
My plan: no trade in the middle. A daily close above 1,300 or under 1,207 picks the side.
NFA. Which does ZEC close beyond first: 1,300 or 1,207?
