$ZEC broke below the 1,200 level, with the current price at 1,197.69.
Around key price levels, I usually look at three things:
① Holding: An intraday break doesn’t count; it’s only a confirmed break if the close is below 1,200.
② Rebound: Can it reclaim the area around 1,200 on a rebound? If not, the transition is complete.
③ Volume: Does trading volume pick up during the break? Breaks on low volume are more likely to be false.
Around key price levels, I usually look at three things:
① Holding: An intraday break doesn’t count; it’s only a confirmed break if the close is below 1,200.
② Rebound: Can it reclaim the area around 1,200 on a rebound? If not, the transition is complete.
③ Volume: Does trading volume pick up during the break? Breaks on low volume are more likely to be false.
