ZEC This move isn’t a normal pullback—within 24 hours it has already given back 8.47%, while trading volume still remains around 362 million USDT.
I’m watching for one thing: after the daily chart surged, the volume didn’t immediately die off, but the price has dropped from the 24-hour high of 1647.60 down to around 1485. The bulls need to prove that the support and absorption are still there—they can’t rely on just a single dead-cat bounce. If it also loses the intraday low near 1456.92, then that earlier acceleration move starts to look more like high-level supply loosening.
This isn’t calling for a sell-off. ZEC moves fast; the rebound can be fierce too. For now, I won’t chase my judgment based on emotions—I’ll first see whether the volume holds and whether the lows can be defended.
The risk is a pullback from the high, short-term fluctuations, and a reversal on the news front. When you see this kind of sharp drop, will you treat it as an observation window—or will you just avoid it?
$ZEC #Binance spot
I’m watching for one thing: after the daily chart surged, the volume didn’t immediately die off, but the price has dropped from the 24-hour high of 1647.60 down to around 1485. The bulls need to prove that the support and absorption are still there—they can’t rely on just a single dead-cat bounce. If it also loses the intraday low near 1456.92, then that earlier acceleration move starts to look more like high-level supply loosening.
This isn’t calling for a sell-off. ZEC moves fast; the rebound can be fierce too. For now, I won’t chase my judgment based on emotions—I’ll first see whether the volume holds and whether the lows can be defended.
The risk is a pullback from the high, short-term fluctuations, and a reversal on the news front. When you see this kind of sharp drop, will you treat it as an observation window—or will you just avoid it?
$ZEC #Binance spot
