$ZEC
1. Compound support at $600 has been broken.
2. The neckline of the Double Top at $570 was tested and has also broken.
3. The price is moving directly towards the major support at $540.
Result... we got an expected move of 10% downwards. 🎯
Our execution of the strategy was excellent. Can't say you weren't warned.
It's clear now that the major support is the critical floor the bulls need to hold onto if we want to continue the upward trend.
The more touches on this level to attract liquidity, the more fragile the support becomes.
Besides that, the potential target is a move back to $480 to test the small liquidity support again$ZEC BitwiseHYPEETFAcquires$11.3M#BTCETFDemandDropsRiskIndexHigh #EthereumStakingATH39.2METH #SenateAdvancesCLARITYAct #TradersShiftBTCToStablecoins #BTC .
1. Compound support at $600 has been broken.
2. The neckline of the Double Top at $570 was tested and has also broken.
3. The price is moving directly towards the major support at $540.
Result... we got an expected move of 10% downwards. 🎯
Our execution of the strategy was excellent. Can't say you weren't warned.
It's clear now that the major support is the critical floor the bulls need to hold onto if we want to continue the upward trend.
The more touches on this level to attract liquidity, the more fragile the support becomes.
Besides that, the potential target is a move back to $480 to test the small liquidity support again$ZEC BitwiseHYPEETFAcquires$11.3M#BTCETFDemandDropsRiskIndexHigh #EthereumStakingATH39.2METH #SenateAdvancesCLARITYAct #TradersShiftBTCToStablecoins #BTC .
