$ZEC 1.383 — Yesterday, 1,400 was the support floor for a drop from 1,449; today it has turned into a ceiling: four touches, four pushes down.
The 30m range moving sideways at 1,371–1,400 from 11:30, while the daily range is still in the corrective swing from the top at 1,699.
The 30-minute candle at 11:00 pulled price from 1,337 up to 1,391, and after that the entire morning remained stuck below 1,347. Open interest rose to $662 million, higher than the 610–630 zone all week. Short accounts still outnumber longs (0.80).
Above: 1,400—if it can break through, then 1,417 and 1,450.
Below: 1,371, then 1,345. If 1,305 breaks, watch the 1,085–1,165 area.
As long as it hasn’t cleared 1,400, it’s still a sideways range.
1,400 — the fifth touch: does it break through or get pushed down again?
Personal observation only, not investment advice. 1% risk—there’s always a stop point.
#ZEC #Zcash $ZEC
The 30m range moving sideways at 1,371–1,400 from 11:30, while the daily range is still in the corrective swing from the top at 1,699.
The 30-minute candle at 11:00 pulled price from 1,337 up to 1,391, and after that the entire morning remained stuck below 1,347. Open interest rose to $662 million, higher than the 610–630 zone all week. Short accounts still outnumber longs (0.80).
Above: 1,400—if it can break through, then 1,417 and 1,450.
Below: 1,371, then 1,345. If 1,305 breaks, watch the 1,085–1,165 area.
As long as it hasn’t cleared 1,400, it’s still a sideways range.
1,400 — the fifth touch: does it break through or get pushed down again?
Personal observation only, not investment advice. 1% risk—there’s always a stop point.
#ZEC #Zcash $ZEC
