Down 14.51% in a day—that’s like taking an elevator straight to the basement without stopping once. $ZEC is trading at 975.80, just a step away from the 24-hour low of 966.06. The 24-hour trading volume is 281.8M, and sellers are really taking action.
Put simply: this is the hardest moment for anyone holding—while the 24-hour high is still 1,199.8, today’s price is hovering right near the low. You’re afraid to sell in case it’s the bottom, but if you don’t sell, you’re afraid it’ll keep falling. Only holders know how that feels.
I could be wrong, but I don’t think this is a good time to buy the dip. A sharp drop doesn’t mean the decline is over. I’ll admit it if I’m wrong. The key level is 966.06: if it breaks, it breaks. If the price can climb back to around 1,199.8, I’ll change my mind immediately.
If 966.06 doesn’t hold, how much further down do you think it could go?
$ZEC
#ZEC #Market Analysis
Put simply: this is the hardest moment for anyone holding—while the 24-hour high is still 1,199.8, today’s price is hovering right near the low. You’re afraid to sell in case it’s the bottom, but if you don’t sell, you’re afraid it’ll keep falling. Only holders know how that feels.
I could be wrong, but I don’t think this is a good time to buy the dip. A sharp drop doesn’t mean the decline is over. I’ll admit it if I’m wrong. The key level is 966.06: if it breaks, it breaks. If the price can climb back to around 1,199.8, I’ll change my mind immediately.
If 966.06 doesn’t hold, how much further down do you think it could go?
$ZEC
#ZEC #Market Analysis