Is $ZEC ‌ actually trying to pull off a miracle here or is this just a massive trap?

Seriously, look at this vertical move. We’ve gone from $220 to $377 in a blink. Most people are probably scared to touch this, but the price action is holding up surprisingly well. We just hit a high of $394 and pulled back slightly to find some support around the $360 range.

The volume is still looking healthy at $98M, which tells me the interest is real. However, the order book is heavily skewed with 71% on the ask side. That’s a lot of sell pressure to chew through if we want to see $400+ anytime soon.

I'm watching for a solid daily close above $380 before I even think about the next leg. If we lose $350, things could get messy fast.

Would you dare to long this right now?

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