$ZEC just printed a 5% four-hour candle, then gave half of it back. That’s not weakness — that’s a retest in progress.
Daily chart: price sits above a bullish gap from the mid‑1380s, short‑term averages favor continuation. Futures positioning is heavily short, long/short ratio <1, yet funding stays positive – shorts are paying to be short while price climbs.
On the 4H, the volume point of control sits near 1470, acting as a magnet. As long as $ZEC holds the 1400 area, the bias stays bullish. Lose that zone on a 4H close and the read flips.
If it holds, the next upside target is near the 1600 area, aligning with the macro objective. The risk is a slow bleed back into the low‑1400s, shaking out late longs.
Follow me for the updated read once price either reclaims 1500 or loses the 1400 zone. Which level are you trusting more right now on $ZEC 👇
⚠️ Not financial advice. DYOR.
#ZEC #Zcash #Crypto #BinanceSquare
Daily chart: price sits above a bullish gap from the mid‑1380s, short‑term averages favor continuation. Futures positioning is heavily short, long/short ratio <1, yet funding stays positive – shorts are paying to be short while price climbs.
On the 4H, the volume point of control sits near 1470, acting as a magnet. As long as $ZEC holds the 1400 area, the bias stays bullish. Lose that zone on a 4H close and the read flips.
If it holds, the next upside target is near the 1600 area, aligning with the macro objective. The risk is a slow bleed back into the low‑1400s, shaking out late longs.
Follow me for the updated read once price either reclaims 1500 or loses the 1400 zone. Which level are you trusting more right now on $ZEC 👇
⚠️ Not financial advice. DYOR.
#ZEC #Zcash #Crypto #BinanceSquare
