$ZEC has fallen into the long-entry zone. The price I was waiting for is here
After staying up all night, ZEC has finally dropped into the 895–933 range
Current price: 919. It hit a low of 886 in the past 24 hours
It's down 30% in seven days, sliding all the way from above 1,000. It broke through 961 and 933
Honestly, I'm not calling this a bottom. I'm just sharing what I'm doing
I'll scale in within this range. First entry is at the current price
I'll save the second entry for near the lower end around 895. I'll act if it gets there; if not, I'll wait
If you go all in at once and lose money, don't come blaming me
Stop-loss at 872. If it breaks below that, I'll accept the loss and won't hold on
First target is 961. If it gets back above that, we can call this a false breakdown; then I'll look toward 1,050 and 1,122
Don't take a large position. In a bear market, when catching a falling knife, the first thing is to keep your hands in check
A couple of quick notes on the broader market
BTC is at 67,931, just above the 200-week moving average at 67,879, with only about $50 between them. That's precarious
ETH is at 1,918, still grinding within the 1,890–1,920 range
The difficulty adjustment is expected to come in at -8.6% around 11 a.m. today. It was pushed back from the previously mentioned time of just after 7 this morning; blocks are coming in slowly
Miners can catch their breath, but expecting this to save the market is wishful thinking
Personal analysis, not investment advice
#ZEC
After staying up all night, ZEC has finally dropped into the 895–933 range
Current price: 919. It hit a low of 886 in the past 24 hours
It's down 30% in seven days, sliding all the way from above 1,000. It broke through 961 and 933
Honestly, I'm not calling this a bottom. I'm just sharing what I'm doing
I'll scale in within this range. First entry is at the current price
I'll save the second entry for near the lower end around 895. I'll act if it gets there; if not, I'll wait
If you go all in at once and lose money, don't come blaming me
Stop-loss at 872. If it breaks below that, I'll accept the loss and won't hold on
First target is 961. If it gets back above that, we can call this a false breakdown; then I'll look toward 1,050 and 1,122
Don't take a large position. In a bear market, when catching a falling knife, the first thing is to keep your hands in check
A couple of quick notes on the broader market
BTC is at 67,931, just above the 200-week moving average at 67,879, with only about $50 between them. That's precarious
ETH is at 1,918, still grinding within the 1,890–1,920 range
The difficulty adjustment is expected to come in at -8.6% around 11 a.m. today. It was pushed back from the previously mentioned time of just after 7 this morning; blocks are coming in slowly
Miners can catch their breath, but expecting this to save the market is wishful thinking
Personal analysis, not investment advice
#ZEC
