Zcash did 2058M in futures volume today. Somebody big is on both sides of that.
Zcash perp at $1,207, +4.26%, 2058M volume, open interest 549K contracts.
Resistance $1,257 then $1,283
Support $1,104 then $1,086, deeper $1,032
7d range $787.96 to $1,257, 20D avg $886.19, price above
Funding -0.0132%, shorts are paying longs. Somebody is leaning bearish and paying for the privilege.
Those are levels the chart has reacted to before, nothing more. Whether $1,104 holds again is not something anybody can promise you, and anyone who does is selling something.
Now the part nobody says out loud. This already moved +4.26%. If you fomo into leverage off a post like this and it turns, that's your position, your size, your liquidation. I'm drawing a map, I'm not driving your car.
Where's your invalidation?
Levels off a public chart, shared as a personal view. Not a recommendation, not a signal, not an offer to trade. Do your own research. Anyone acting on this carries their own risk entirely.
#ZEC #Futures