$ZEC has posted 5 consecutive down days (5 bearish daily candles), with a decline of 27.12% over the period.
Two things need to be distinguished: a string of down days reflects one-sided pressure that has already occurred; it does not predict the direction of the next candle. The longer the losing streak, the more likely bargain hunters are to step in. A rebound will come sooner or later, but no one can say which candle it will be. Rather than guessing when the trend will turn, it’s better to set your exit conditions first.
(+1.36% so far today.)
Two things need to be distinguished: a string of down days reflects one-sided pressure that has already occurred; it does not predict the direction of the next candle. The longer the losing streak, the more likely bargain hunters are to step in. A rebound will come sooner or later, but no one can say which candle it will be. Rather than guessing when the trend will turn, it’s better to set your exit conditions first.
(+1.36% so far today.)
