Let’s talk about ZEC a bit—how many people have their air trapped below 1000? Here’s a simple analysis; hopefully it helps everyone, brothers $ZEC
The 4H rising trendline has already been broken. The previous high at 1501.77 topped and then fell back, and the market structure has weakened.
Key levels:
Short-term vital line: 1276.69
Hold this level, and there’s a chance for a rebound;
If it breaks down with volume, downside room opens up, and you could directly look at 1043.16.
Trading principles: No mindless bottom-fishing!
Only try a small long if it stabilizes above 1276.69;
If the body breaks the level, follow the trend to short, strictly set a stop-loss, and don’t hold against the position.
One last reminder to my brothers: don’t randomly bottom-fish like crazy!!! This thing can’t go up without hitting a ceiling, and it can’t fall without showing no bottom. #Zcash现货ETF首现周度净流出9360万美元
The 4H rising trendline has already been broken. The previous high at 1501.77 topped and then fell back, and the market structure has weakened.
Key levels:
Short-term vital line: 1276.69
Hold this level, and there’s a chance for a rebound;
If it breaks down with volume, downside room opens up, and you could directly look at 1043.16.
Trading principles: No mindless bottom-fishing!
Only try a small long if it stabilizes above 1276.69;
If the body breaks the level, follow the trend to short, strictly set a stop-loss, and don’t hold against the position.
One last reminder to my brothers: don’t randomly bottom-fish like crazy!!! This thing can’t go up without hitting a ceiling, and it can’t fall without showing no bottom. #Zcash现货ETF首现周度净流出9360万美元
