$ZEC Pump 4.5% Today — But This Is Not the Start of a Rally
The price of ZEC today rose sharply, but several signals indicate that this increase could quickly reverse.
What happened?
· Price rose from $330 to $370+ (strong pump on the 1-hour chart).
· But this rally hit a strong resistance at $375-$377 (liquidity area + key EMA).
· Derivative data is concerning: negative funding rate and large traders sold more than they bought during the rally.
Simple logic:
If this rally is really strong, it should:
✅ Positive funding rate (payment for shorts)
✅ Aggressive buyers keep pushing
❌Reality: the market is actually paying those who are short, and the rally is starting to weaken at the resistance.
Outlook:
· Highest probability: price rejected at $375-$377 and drops back down to $360**, even **$350.
· Alternative scenario: if the price breaks through & closes above **$378**, the rally could continue to $388. But the chance is small based on the current structure.
Conclusion for traders:
Don't FOMO buy at the peak. Better to:
1. Wait for rejection at $375-$377 for a SHORT setup.
2. Or wait for a strong break above $378 for confirmation of further upward movement.
3. If in doubt, NO TRADE — high volatility can hit both ways.
Risk Management should always be a priority.
#zec #ZEN/USDT #ZECUSDT #ZE_TRAD🐂 #ZeusInCrypto Analysis based on price action, volume, and derivative data. Not financial advice.
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