Swept liquidity above $400 again, then continued its flush. Nasty candle.
Now sitting at $385 testing local support zone which has held multiple times since the lows. Lose it and price likely sweeps down toward $360 to clean out longs.
Trend bearish across all timeframes + momentum fading + low volume = not much conviction from buyers above $400 at this stage.
Needs to hold and bounce to keep the higher low structure intact. Otherwise the corrective wave continues and those lows are back in play.
Markets choose paths. Traders who survive are the ones prepared for more than one.
This macro, symmetrical triangle is the other possibility from a price action standpoint. It resolves lower in the short term, although like a descending triangle, both macro patterns are bullish overall, with upside possibility, after price action plays out within them.
$SOL 90D Futures Taker CVD just flipped green & is expanding. That’s a coiled spring signal.
Buyers hitting ask with conviction after months of sell dominance. Add ETF inflows + smart money front-running, and SOL looks primed. $144 resistance, $190–200 next.
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$ZEC / Zcash
Keeps rejecting $410-$420, now back testing local support at $395.
Bulls did well to hold above $370 and absorb the sell pressure, but flattening Volume Delta shows less aggressive buying each time price goes above ~$400.
You can see as price rises, more shorts stacked straight into the move. Whether they're holding underwater or new ones are opening, the market is mainly betting against continuation.
Long & Short Delta at -14M = most the market remains heavily short-biased.
For bulls, $390–$400 needs to hold here. Lose that and the chart likely sweeps range lows to flush anyone who longed the bounce.
Chart only shifts to neutral if price reclaims $420 with acceptance.
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