$ZEC returned to $1500
$ZEC yesterday peaked at $1658, then fell back to around $1500. People who thought it was too expensive when it broke above $1600 now have a lower price to wait for.
I reminded readers to position around $1130–$1150. Even when it rose above $1600, my judgment about this round of the market has not changed. A short-term pullback of more than 8% does not mean the uptrend logic is already over, but whether $1500 can hold depends on the trading activity to come.
$ZEC yesterday peaked at $1658, then fell back to around $1500. People who thought it was too expensive when it broke above $1600 now have a lower price to wait for.
I reminded readers to position around $1130–$1150. Even when it rose above $1600, my judgment about this round of the market has not changed. A short-term pullback of more than 8% does not mean the uptrend logic is already over, but whether $1500 can hold depends on the trading activity to come.