$ZEC is the coin I’d be watching tonight, but I wouldn’t buy an 11% move just because it’s getting attention.
The interesting part is the reason behind it: developers have set the activation height for Zcash’s next upgrade, which is designed to make transactions confirm faster.
Now the question is whether buyers can hold the move, or whether traders who got in early start taking profit.
I’d want to see the chart settle and a retest hold before considering an entry. The news alone isn’t a signal.
Are you watching $ZEC for another leg up, or is this move already too extended?
The interesting part is the reason behind it: developers have set the activation height for Zcash’s next upgrade, which is designed to make transactions confirm faster.
Now the question is whether buyers can hold the move, or whether traders who got in early start taking profit.
I’d want to see the chart settle and a retest hold before considering an entry. The news alone isn’t a signal.
Are you watching $ZEC for another leg up, or is this move already too extended?