A new low has appeared on the $ZEC 24-hour timeframe.
24h: -5.84%, current price: 1233.31, previous low: 1234.33.
Structurally, a new low means the bulls’ defensive line has been breached. First, watch whether the rebound can reclaim the previous low; if it can’t, the weakness will continue. Only a move back above it could signal a bottoming structure. Which way do you think it’ll go? Share your thoughts in the comments.
24h: -5.84%, current price: 1233.31, previous low: 1234.33.
Structurally, a new low means the bulls’ defensive line has been breached. First, watch whether the rebound can reclaim the previous low; if it can’t, the weakness will continue. Only a move back above it could signal a bottoming structure. Which way do you think it’ll go? Share your thoughts in the comments.
