$ZEC −6.4% in 24h
Now 1 144, right at the bottom of its 24h range: 1 135 to 1 236.
Volume is fading compared with the rest of the day.
If it pushes through 1 236, the next area is 1 286 (+12.5%).
Downside scenario: a close under 1 135 and 1 085 (−5.2%) comes into play.
Either way, the idea is wrong once price closes back through 1 186 against you: that is where many traders place the stop, and size the position so that stop costs about 1% of the account.
Levels are mechanical (24h range and its extension), not a forecast.
NFA.
#ZEC #Crypto #VektorDaily
Now 1 144, right at the bottom of its 24h range: 1 135 to 1 236.
Volume is fading compared with the rest of the day.
If it pushes through 1 236, the next area is 1 286 (+12.5%).
Downside scenario: a close under 1 135 and 1 085 (−5.2%) comes into play.
Either way, the idea is wrong once price closes back through 1 186 against you: that is where many traders place the stop, and size the position so that stop costs about 1% of the account.
Levels are mechanical (24h range and its extension), not a forecast.
NFA.
#ZEC #Crypto #VektorDaily
