$ZEC Trading volume dominates the board; the direction hasn’t been chosen yet
The market never rewards people who chase the price.
News
· Zcash is up 2,496% this year—has the feast already ended?
Technical analysis
Current price 1,474, up 6.3% in the last 24 hours; trading volume $4.50B. The 48-hour range is 1,182 to 1,537, and price is near the upper band.
My view
Bearish. At the top of the range, chasing carries high risk. Don’t go all-in before the direction becomes clear.
Trading strategy
Bearish. Enter around 1,522 to 1,537 during the rebound—only act if the upside lacks momentum.
$ZEC if you find this helpful, hit follow and join the chat room. Derivatives are highly volatile—make your own decision.
The market never rewards people who chase the price.
News
· Zcash is up 2,496% this year—has the feast already ended?
Technical analysis
Current price 1,474, up 6.3% in the last 24 hours; trading volume $4.50B. The 48-hour range is 1,182 to 1,537, and price is near the upper band.
My view
Bearish. At the top of the range, chasing carries high risk. Don’t go all-in before the direction becomes clear.
Trading strategy
Bearish. Enter around 1,522 to 1,537 during the rebound—only act if the upside lacks momentum.
$ZEC if you find this helpful, hit follow and join the chat room. Derivatives are highly volatile—make your own decision.
