Zcash perps are +4.14% and the funding tells you more than the candle does.
Zcash perp at $1,144, +4.14%, 1856M volume, open interest 494K contracts.
Resistance $1,162 then $1,189
Support $1,041 then $997.70, deeper $483.45
7d range $1,041 to $1,298, 20D avg $997.70, price above
Funding -0.0036%, basically neutral. Neither side is desperate here.
Those are levels the chart has reacted to before, nothing more. Whether $1,041 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 +4.14%. 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?
Follow me if you want more of these as they come.
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