$ZEC just dropped 14.33 percent to $978.4 amid $281.72M in volume.
A minor hourly uptick of 2 percent shows tentative buying interest near the bottom of its recent 24-hour range, though quote volume remains slightly below the daily average at 0.96x.
If buyers reclaim the $1002.67 hourly close level with expanding volume, a retest of upper range boundaries becomes possible. Conversely, failure to hold the $975.58 range low increases downside risk.
Will you wait for a confirmed hourly close above the hourly close level, or does a drop below the range low invalidate the setup?
Tap $ZEC for the live chart. #ZEC #BinanceSquare
A minor hourly uptick of 2 percent shows tentative buying interest near the bottom of its recent 24-hour range, though quote volume remains slightly below the daily average at 0.96x.
If buyers reclaim the $1002.67 hourly close level with expanding volume, a retest of upper range boundaries becomes possible. Conversely, failure to hold the $975.58 range low increases downside risk.
Will you wait for a confirmed hourly close above the hourly close level, or does a drop below the range low invalidate the setup?
Tap $ZEC for the live chart. #ZEC #BinanceSquare