$ZEC — volume x3.76, while the price is slipping: that’s surprising
Down 0.62% over 15 minutes amid elevated activity. Usually, this kind of volume pushes the price along, but here it’s above VWAP and still losing ground. It looks like the activity is being absorbed rather than driving growth.
SHORT plan: 1254.9–1258 zone, stop 1273.9
Targets: TP1 1228.3 → TP2 1212.4 → TP3 1195.3
Down 0.62% over 15 minutes amid elevated activity. Usually, this kind of volume pushes the price along, but here it’s above VWAP and still losing ground. It looks like the activity is being absorbed rather than driving growth.
SHORT plan: 1254.9–1258 zone, stop 1273.9
Targets: TP1 1228.3 → TP2 1212.4 → TP3 1195.3