Something is definitely brewing with $ZEC right now.
The way $221 is held by a thread is actually wild. We’ve been bleeding out for the last 24 hours, and looking at that hourly chart, every single bounce is getting sold into immediately. The sellers aren’t even letting it breathe. We just hit a 24-hour low of 220.55. If this horizontal support cracks, there’s not much structural history to catch it until we see a much deeper flush. However, the order book shows 73% of people are sitting on the big side. That’s a lot of trapped liquidity if this breaks down further. I’m watching for a fake-out below 220 before any potential reversal. If the volume doesn't spike on this dip, we’re probably just going to be sideways-bleed for a few more hours. Stay sharp, this looks like a "wait and see" moment rather than a "jump in" one.
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Something is definitely brewing with $ZEC right now.
The way $221 is held by a thread is actually wild. We’ve been bleeding out for the last 24 hours, and looking at that hourly chart, every single bounce is getting sold into immediately. The sellers aren’t even letting it breathe.
We just hit a 24-hour low of 220.55. If this horizontal support cracks, there’s not much structural history to catch it until we see a much deeper flush. However, the order book shows 73% of people are sitting on the big side. That’s a lot of trapped liquidity if this breaks down further.
I’m watching for a fake-out below 220 before any potential reversal. If the volume doesn't spike on this dip, we’re probably just going to be sideways-bleed for a few more hours.
Stay sharp, this looks like a "wait and see" moment rather than a "jump in" one.
#ZachXBTExposesTheAxiomIncident