$ZEC 4H is beginning to form a base
- It has built support around the 1250 price level
- As of today, the broader market has fallen for 5 consecutive weeks
- A lot of bad news has come out recently, but the market hasn't plunged as sharply as it did in the previous move
- I maintain my view that this is a shakeout before a major uptrend
- A reminder to manage risk when shorting to avoid liquidation
- Not recommending going long or short
- It has built support around the 1250 price level
- As of today, the broader market has fallen for 5 consecutive weeks
- A lot of bad news has come out recently, but the market hasn't plunged as sharply as it did in the previous move
- I maintain my view that this is a shakeout before a major uptrend
- A reminder to manage risk when shorting to avoid liquidation
- Not recommending going long or short
