$ZEC has again reached the moment where fun may begin. 👀
The price is trying to recover, but the $842–$848 zone looks like a place where sellers may remind everyone of themselves again.
If a reversal comes from there, the nearest lower levels are $822.34 and $820.00.
And if $820 doesn’t hold, the next magnet is already around $770.79. 🐻
But volumes are currently only about 0.4x, so simply jumping into a short on the first move down is a so-so idea.
Whereas a consolidation above $889.99 completely breaks this bearish scenario.
$ZEC now seems to be standing at a crossroads: go down again or surprise the shorters. 😂
#ZEC #Crypto #Trading
The price is trying to recover, but the $842–$848 zone looks like a place where sellers may remind everyone of themselves again.
If a reversal comes from there, the nearest lower levels are $822.34 and $820.00.
And if $820 doesn’t hold, the next magnet is already around $770.79. 🐻
But volumes are currently only about 0.4x, so simply jumping into a short on the first move down is a so-so idea.
Whereas a consolidation above $889.99 completely breaks this bearish scenario.
$ZEC now seems to be standing at a crossroads: go down again or surprise the shorters. 😂
#ZEC #Crypto #Trading
