⚠️ $ZEC is pumping hard — but crowded positioning could make the next move explosive!
ZEC is trading near 1,289.29 (+7.62%) after a strong recovery from the 1,118 area on the 4H chart.
🔴 Short setup to watch:
Current price: 1,289
Resistance: 1,324.60
Major resistance: 1,397.58
First support: 1,227.52
Next support: 1,166.19
📊 Trader positioning:
Short accounts: 62.43%
Long accounts: 37.57%
Long positions: 52.70%
Short positions: 47.30%
Interesting divergence: more accounts are short, but larger positions currently lean long.
📰 News catalyst: Zcash's NU7 network upgrade is expected around November 5, reducing block time from 75 to 25 seconds. Recent short liquidations have also contributed to the rebound.
My strategy: No blind short here. I'm watching for rejection near 1,324–1,350 before considering a short. A breakout and hold above resistance invalidates the setup.
Will $ZEC reject resistance or continue its rally?
#ZEC #Zcash #BİNANCEFUTURES #ShortSetup
ZEC is trading near 1,289.29 (+7.62%) after a strong recovery from the 1,118 area on the 4H chart.
🔴 Short setup to watch:
Current price: 1,289
Resistance: 1,324.60
Major resistance: 1,397.58
First support: 1,227.52
Next support: 1,166.19
📊 Trader positioning:
Short accounts: 62.43%
Long accounts: 37.57%
Long positions: 52.70%
Short positions: 47.30%
Interesting divergence: more accounts are short, but larger positions currently lean long.
📰 News catalyst: Zcash's NU7 network upgrade is expected around November 5, reducing block time from 75 to 25 seconds. Recent short liquidations have also contributed to the rebound.
My strategy: No blind short here. I'm watching for rejection near 1,324–1,350 before considering a short. A breakout and hold above resistance invalidates the setup.
Will $ZEC reject resistance or continue its rally?
#ZEC #Zcash #BİNANCEFUTURES #ShortSetup
