The 1090–1120 support zone that was repeatedly tested earlier has now been broken.
The price accelerated downward afterward, indicating that the previous support here has given way.
1120 above was an important previous support level; once broken, support can turn into resistance.
If the price later rebounds to this level and faces clear resistance,
you can consider shorting in the direction of the trend.
Below, 760–790 is a previous area of dense price consolidation.
If the price later retests this zone and finds support at the bottom, wait for a signal and look for a potential early long rebound opportunity.
Wait for resistance on a rebound above to go short; wait for support below to go long.
Don’t open positions blindly in the middle.#zec $ZEC
The price accelerated downward afterward, indicating that the previous support here has given way.
1120 above was an important previous support level; once broken, support can turn into resistance.
If the price later rebounds to this level and faces clear resistance,
you can consider shorting in the direction of the trend.
Below, 760–790 is a previous area of dense price consolidation.
If the price later retests this zone and finds support at the bottom, wait for a signal and look for a potential early long rebound opportunity.
Wait for resistance on a rebound above to go short; wait for support below to go long.
Don’t open positions blindly in the middle.#zec $ZEC
