$ZEC 's Momentum Just Flipped. Here's How I'm Reading It ๐
The uptrend is intact, but short-term momentum has clearly cooled. I'm watching, not chasing.
๐น Price: ~$1,325, about 22% below the recent $1,700 peak
๐น Structure: lower highs and lower lows since the top
๐น RSI: slipped below 50, so bullish momentum has faded
๐น ETF: first week of net outflows since launch (~$93M)
๐น Big picture: still far above its key moving averages after rising from ~$500 in August
My levels:
โ Support: $1,280-$1,300. This is the line I care about.
โ ๏ธ Lose it, and a drop toward $1,000 becomes the realistic scenario.
โ Reclaim ~$1,450 with volume, and I'd call the correction over.
Strong rallies need resets. The question is whether this is one.
๐ฌ A healthy correction, or the start of something deeper? Where are you buying? ๐
โ ๏ธ Not financial advice. DYOR.
#ZEC #Zcash #PrivacyCoins #BinanceSquare
The uptrend is intact, but short-term momentum has clearly cooled. I'm watching, not chasing.
๐น Price: ~$1,325, about 22% below the recent $1,700 peak
๐น Structure: lower highs and lower lows since the top
๐น RSI: slipped below 50, so bullish momentum has faded
๐น ETF: first week of net outflows since launch (~$93M)
๐น Big picture: still far above its key moving averages after rising from ~$500 in August
My levels:
โ Support: $1,280-$1,300. This is the line I care about.
โ ๏ธ Lose it, and a drop toward $1,000 becomes the realistic scenario.
โ Reclaim ~$1,450 with volume, and I'd call the correction over.
Strong rallies need resets. The question is whether this is one.
๐ฌ A healthy correction, or the start of something deeper? Where are you buying? ๐
โ ๏ธ Not financial advice. DYOR.
#ZEC #Zcash #PrivacyCoins #BinanceSquare