ZEC Flushes 14%: Where Are the Key Zones?
$ZEC dropped ~14% in 24h to ~$984 after a hot CPI print and heavy long liquidations.
On the 4H chart, price is well below the MA100 (~$1,239) and MA200 (~$1,221)
🟢 Bounce watch zones:
A: $940-960 (24h low retest)
B: $860-890 (daily 200 EMA, main zone)
C: $788 (Sept swing low)
🔴 Supply zone: $1,140-1,240, which is a likely rejection area if a relief bounce comes.
Don't catch falling knives: wait for a confirmed 4H close back above a zone, and keep a stop-loss below it. Volatility is extreme and the market is heavily leveraged.
Which zone do you think holds? A, B or C?
Not financial advice. DYOR.
#zcash #Altcoin #crypto $ZEC
$ZEC dropped ~14% in 24h to ~$984 after a hot CPI print and heavy long liquidations.
On the 4H chart, price is well below the MA100 (~$1,239) and MA200 (~$1,221)
🟢 Bounce watch zones:
A: $940-960 (24h low retest)
B: $860-890 (daily 200 EMA, main zone)
C: $788 (Sept swing low)
🔴 Supply zone: $1,140-1,240, which is a likely rejection area if a relief bounce comes.
Don't catch falling knives: wait for a confirmed 4H close back above a zone, and keep a stop-loss below it. Volatility is extreme and the market is heavily leveraged.
Which zone do you think holds? A, B or C?
Not financial advice. DYOR.
#zcash #Altcoin #crypto $ZEC
