#zec Last night's rally was very strong, shooting straight up. But when I checked this morning, it was moving steadily sideways within a range. What does this mean? It means the funds that came in last night are digesting profit-taking, while the major players are reshuffling here and building up for the next move. It means selling pressure is heavy at this level, and the bulls can't push it higher for the time being.
Trading recommendation: short directly at 1335, target 1320-1300$ZEC