ZEC -8.2%, support broken
Took a quick look at the market this morning. Here are the numbers: ZEC $1,136, 24h -8.2%, trading volume $200 million, volume ratio 1.1.
Support is at $1,049 (another 7.6% down); if that breaks, the next level is $965.09. Even a strong rebound would only reach resistance at $1,398. If it can't break through, that's a spot to reduce your position. Don't hold on to a losing trade—stick to your discipline.
If your position is small, you can wait for confirmation. If it's large, think about your stop-loss first. These are personal notes, not investment advice.
How are you handling this move?
The above is my personal market observation and does not constitute trading advice. DYOR.
$ZEC #ZEC #BTC #MarketMovers
Took a quick look at the market this morning. Here are the numbers: ZEC $1,136, 24h -8.2%, trading volume $200 million, volume ratio 1.1.
Support is at $1,049 (another 7.6% down); if that breaks, the next level is $965.09. Even a strong rebound would only reach resistance at $1,398. If it can't break through, that's a spot to reduce your position. Don't hold on to a losing trade—stick to your discipline.
If your position is small, you can wait for confirmation. If it's large, think about your stop-loss first. These are personal notes, not investment advice.
How are you handling this move?
The above is my personal market observation and does not constitute trading advice. DYOR.
$ZEC #ZEC #BTC #MarketMovers