DeFiTitan

$ZEC My bearish analysis short position yesterday hit TP already ✅

The overall trend is still bearish, but things are looking pretty oversold based on the indicators I've been watching. That could mean we're nearing a point where sellers are getting exhausted. For trading on 1-Day timeframe, I'm leaning toward a cautious long here as a contrarian move against the crowd.

On the volume side, the recent drops have come with some serious spikes—like over 3 million USDT in trading volume on those red candles. To me, that screams capitulation, where everyone's panic-selling and flushing out the weak hands. Looking back at historical charts, I've noticed these kinds of volume bursts often pop up right before a local bottom forms, so it's got me thinking this could be one of those setups.

Capital flows aren't painting the prettiest picture either: we're seeing big net outflows, around -55M USDT in the last 24 hours and a whopping -318M over the past week. That suggests institutions might be distributing or lightening up their positions. But here's the twist—I've seen extreme outflows like this line up with market bottoms in the past, almost like the big players are shaking out retail before a reversal.

Diving into the market microstructure, it's fascinating: large accounts are still holding a net-long bias with about a 1.56 long-to-short ratio, even as prices dip. That tells me smart money could be quietly accumulating while everyone else freaks out. Price action lately shows a solid rejection around 360 USDT, followed by a bit of a bounce, which is starting to look like a hammer pattern on the daily chart. Not confirmed yet, but it's got potential.

- Entry zone longs $ZEC : Between 360 and 375 USDT, ideally testing those intraday lows.

- Stop-loss: Set it at 342 USDT to keep risk around 5%.

- Targets $ZEC : Aiming for 405 to 412 USDT, which could give 8-10% upside.

{future}(ZECUSDT)
is ZEC ready for a rebound or more pain ahead? #zec #ZECUSDT #zcash