$ZEC
ZEC: A trick under 400? š
The price dropped sharply to 385, then rose quickly. š
This isnāt weaknessāit could be a trap for early sellers.
400 is the dividing level. If the price holds above it, the small wedge pattern may break toward 430, then focus shifts to 555. šÆ
But if the price closes below 390 on a daily basis, the rebound thesis is over.
Late sell positions retreated near the bottom. ā” As for late buy positions chasing to catch the profit, theyāre taking the real risk now.
The setup is only favorable for buyers if the 400 level holds up well. š
ZEC: A trick under 400? š
The price dropped sharply to 385, then rose quickly. š
This isnāt weaknessāit could be a trap for early sellers.
400 is the dividing level. If the price holds above it, the small wedge pattern may break toward 430, then focus shifts to 555. šÆ
But if the price closes below 390 on a daily basis, the rebound thesis is over.
Late sell positions retreated near the bottom. ā” As for late buy positions chasing to catch the profit, theyāre taking the real risk now.
The setup is only favorable for buyers if the 400 level holds up well. š