$ZEC
ZEC today retraced to around 1400, right on the support of the daily trendline. Earlier, this move ran from 900 up to 1500—gaining more than 60%, so profit-taking is totally normal. The key is volume: this pullback is on shrinking volume, with no particularly fierce sell pressure; it looks more like the main players are using the move to ride momentum and shake out positions. This privacy coin rally has been driven by two factors at once: a loosening of regulatory pressure and expectations of a block reward halving. The mid-to-long-term thesis hasn’t changed. Try going long with a small position directly; add if it holds above 1430. Target 1480. If it breaks below 1380, cut the loss—don’t stubbornly hold on.
ZEC today retraced to around 1400, right on the support of the daily trendline. Earlier, this move ran from 900 up to 1500—gaining more than 60%, so profit-taking is totally normal. The key is volume: this pullback is on shrinking volume, with no particularly fierce sell pressure; it looks more like the main players are using the move to ride momentum and shake out positions. This privacy coin rally has been driven by two factors at once: a loosening of regulatory pressure and expectations of a block reward halving. The mid-to-long-term thesis hasn’t changed. Try going long with a small position directly; add if it holds above 1430. Target 1480. If it breaks below 1380, cut the loss—don’t stubbornly hold on.