$ZEC 5 minutes -0.88%, current price 1251.6. If you’re itching to buy the dip, ask yourself three questions first:
① The 24h low of 1210.49 is still below us. Have we seen signs that the price has stopped falling?
② It’s still up +2.26% over 24h. Is this profit-taking, or is momentum weakening?
③ Are you ready to cut your losses? What will you do if you get in at the wrong time?
If you can’t answer these, it’s better to wait a little longer.
First, see whether support can hold. Don’t rush to catch a falling knife.
#ZEC
① The 24h low of 1210.49 is still below us. Have we seen signs that the price has stopped falling?
② It’s still up +2.26% over 24h. Is this profit-taking, or is momentum weakening?
③ Are you ready to cut your losses? What will you do if you get in at the wrong time?
If you can’t answer these, it’s better to wait a little longer.
First, see whether support can hold. Don’t rush to catch a falling knife.
#ZEC