📉 Crypto pasture: $ZEC got seriously sheared! ✂️🐑
Checked the chart — and there it is, #zcash down 30% in a day! Price at $411, the retail traders are panicking and fleeing, leaving the fleece behind.
But if we stay cool:
The price dropped below the Bollinger Bands — typically after this, the market tries to bounce back.
RSI has plummeted to 25.95 — they dumped the coin so hard that sellers are basically running out of steam.
Trading volumes are insane, stops got taken out across the board. I think it makes sense to wait for a local bounce up to around $440–460.
❓Is anyone daring to scoop some up, or is it a hard pass?
🫡 "These are just my thoughts out loud, not financial advice (DYOR)!"
Checked the chart — and there it is, #zcash down 30% in a day! Price at $411, the retail traders are panicking and fleeing, leaving the fleece behind.
But if we stay cool:
The price dropped below the Bollinger Bands — typically after this, the market tries to bounce back.
RSI has plummeted to 25.95 — they dumped the coin so hard that sellers are basically running out of steam.
Trading volumes are insane, stops got taken out across the board. I think it makes sense to wait for a local bounce up to around $440–460.
❓Is anyone daring to scoop some up, or is it a hard pass?
🫡 "These are just my thoughts out loud, not financial advice (DYOR)!"