💰 Current price: 549.2 USD (+14.7%)
📉 Overall trend:
The privacy coin $ZEC continues its strong upward momentum, surpassing historical resistance levels. This sudden rise puts short positions in a precarious position, especially with increasing trading volume and the absence of clear reversal signals.
📊 Technical indicators:
📌 RSI exceeds 75 = Strong momentum despite overbought
📌 MACD has been positive since the beginning of November
📌 Trading volume is continuously rising = Probability of a Short Squeeze
📍 Important levels:
🔹 New support: 525 – 535
🔹 Next resistance: 580 – 600
🔹 Breakthrough 560 with strong volume = Potential acceleration towards 620+
⚠️ Warning for short positions:
🔻 Any decline below 530 may be met with defensive buying
🔻 Stop loss is essential to avoid forced liquidation $ZEC
