$ZEC fell below the 1250 level.
Let’s use this number to talk about round-number levels.
The longer it has been since the price last reached this level, the more likely the distribution of positions around it has changed, so the support or resistance from back then may no longer hold.
The first rebound after a break is often seen as a litmus test: if the price is pushed back down near the level, that supports the idea that support has turned into resistance.
Don’t disrupt your plan based on a single indicator, and don’t use borrowed money to test a reading.
#ZEC
Let’s use this number to talk about round-number levels.
The longer it has been since the price last reached this level, the more likely the distribution of positions around it has changed, so the support or resistance from back then may no longer hold.
The first rebound after a break is often seen as a litmus test: if the price is pushed back down near the level, that supports the idea that support has turned into resistance.
Don’t disrupt your plan based on a single indicator, and don’t use borrowed money to test a reading.
#ZEC