🔥 $ZEC pretty bearish run, but I'm seeing some oversold vibes that could hint at a turnaround. For trading on 1-hour timeframe, I'm leaning cautious long here, mainly for a quick rebound play.
On the volume side, those recent K-lines are telling: big spikes during the drops (like 429k when it hit that 406.20 low), but rallies? Meh, volume's been weak, which screams selling pressure. That said, the latest candles have volume tapering off, so maybe the sellers are finally running out of steam.
Capital flows aren't pretty either—contracts are bleeding out (-45.26M USDT in the last hour, -43.14M over 4 hours), pointing to big players dumping. Spot side's outflowing too (-7.41M USDT in 1H), but it's not as brutal, which keeps the panic in check a bit.
Entries longs $ZEC : I'd jump in around that Support level (399.7 USDT) or if I spot a solid bullish reversal like a hammer candle with some real volume backing it. Stay away from chasing above 420 USDT—that's just asking for trouble.
For stop-loss, say ~388 USDT if you get in at 400), factoring support at 383.7
Targets $ZEC Aim for Resistance at 438 USDT first
{future}(ZECUSDT)
anyone else eyeing ZEC for a bounce? #zec #ZECUSDT #zcash
On the volume side, those recent K-lines are telling: big spikes during the drops (like 429k when it hit that 406.20 low), but rallies? Meh, volume's been weak, which screams selling pressure. That said, the latest candles have volume tapering off, so maybe the sellers are finally running out of steam.
Capital flows aren't pretty either—contracts are bleeding out (-45.26M USDT in the last hour, -43.14M over 4 hours), pointing to big players dumping. Spot side's outflowing too (-7.41M USDT in 1H), but it's not as brutal, which keeps the panic in check a bit.
Entries longs $ZEC : I'd jump in around that Support level (399.7 USDT) or if I spot a solid bullish reversal like a hammer candle with some real volume backing it. Stay away from chasing above 420 USDT—that's just asking for trouble.
For stop-loss, say ~388 USDT if you get in at 400), factoring support at 383.7
Targets $ZEC Aim for Resistance at 438 USDT first
{future}(ZECUSDT)
anyone else eyeing ZEC for a bounce? #zec #ZECUSDT #zcash
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ZEC
405.17
-1.37%
0