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Growing Bulls
ZEC just flushed 16% off the highs, and honestly, I think it needed it.
Open interest dropped from about $2.9B to $2.1B, and most of the liquidations were longs. That's leverage getting wiped, not the trend breaking. Price is still holding the 1,050 to 1,100 zone.
If that holds, I want a reclaim of 1,200, then another run at 1,298. Clear that and we're in new high territory. A daily close under 1,050 kills the idea.
Flush or top?
#ZECGoesInstitutional $ZEC
