It’s moving up: ZEC +10.8% in 24h
Took a look before the market opened, and here are the numbers: ZEC at $1,265, up 10.8% in 24h, with $210 million in trading volume and a volume ratio of 1.2.
Resistance is at $1,450 (14.6% away), with $1,698 above that. A breakout would be confirmed if it holds above $1,450 on increased volume. If it fails to break through on the first test, wait for a pullback and consider re-entering if support at $1,049 holds. If it breaks below, that’s a false breakout—accept it.
Volatility tends to increase on days with unusual market moves, so reduce leverage first. This is my personal opinion, not investment advice.
Those who held on and those who didn’t, check in in the comments.
The above is my personal market observation, not trading advice. DYOR.
$ZEC #ZEC #BTC #MarketMoves
Took a look before the market opened, and here are the numbers: ZEC at $1,265, up 10.8% in 24h, with $210 million in trading volume and a volume ratio of 1.2.
Resistance is at $1,450 (14.6% away), with $1,698 above that. A breakout would be confirmed if it holds above $1,450 on increased volume. If it fails to break through on the first test, wait for a pullback and consider re-entering if support at $1,049 holds. If it breaks below, that’s a false breakout—accept it.
Volatility tends to increase on days with unusual market moves, so reduce leverage first. This is my personal opinion, not investment advice.
Those who held on and those who didn’t, check in in the comments.
The above is my personal market observation, not trading advice. DYOR.
$ZEC #ZEC #BTC #MarketMoves