This afternoon, I was looking over $ZEC ’s order book, and there was one number I didn’t quite trust.

Q: That 05:00 wick dipped to 1181.49—was it panic, or did someone step in to buy?
A: It came on 2.5x volume, with a 26-buck lower wick, and recovered to 1207.58.
Q: Then what about the dip to 1185.13 at 16:00?
A: The second dip was 3.64 shallower, and it bounced back even faster than the first.
Looking at the two candles side by side, the selling volume got bigger each time, while the dips got shallower.
Q: So can we get in now?
A: No. The high at 1287.56 is hanging overhead, and 1216.15 is still 71 bucks short.
At 20:00, volume was down to just 16% of average, and the price was still below ma20 at 1224.
I’ll consider it once it holds above 1233; if it breaks below 1181.49, I’ll pretend I never looked at it today.
(Not investment advice; gains and losses are your own responsibility)