Today ZEC has turned red to green, but I don’t take it as a sign of a renewed upturn. The price has returned to around 1139; it’s still one step away from the short-term resistance at 1150. What’s truly valuable isn’t the color turning green, but whether it can hold the key levels as support.
As of 16:45 on September 15, ZEC is around 1139, with a 24-hour high of 1224 and a low of 1113—the volatility remains high. Around 1136 is a key level to watch in the short term, while 1150 is the boundary that must be reclaimed for now. Only if the price can retake 1150 on increased volume and hold it will it have the资格 to look toward the 1175 area. If 1136 breaks and the rebound can’t get back above it, then a pullback to test 1113 would not be unexpected.
High-volatility coins are the easiest to get carried away by a single rebound. The Fed meeting window hasn’t ended yet, and before the macro results come out, I don’t want to risk my position on a single K-line. My move is simple: reassess once 1150 holds firm; if 1136 breaks, defend again. For rebounds that I haven’t confirmed, I’d rather just watch. The above is only my personal market observation and does not constitute investment advice.$ZEC #Zcash #Crypto market