$ZEC has fallen below the 1250 level, with the current price at 1250.26.
Round-number levels have no special significance in themselves, but pending orders, stop-losses, and psychological expectations tend to cluster around them, so the tug-of-war between bulls and bears is often repeated.
The price has now been pulled back above 1250, which could be a bear trap. How do you interpret this information?
Round-number levels have no special significance in themselves, but pending orders, stop-losses, and psychological expectations tend to cluster around them, so the tug-of-war between bulls and bears is often repeated.
The price has now been pulled back above 1250, which could be a bear trap. How do you interpret this information?