$ZEC 961 That level didn’t hold.
In the post I wrote yesterday at 17:14, I said that after ZEC broke below 1,000, the first support was at 961, the next at 933, and below that, 895.
Just checked again: ZEC is now hovering around 950, and 961 has already been breached.
It’s slid all the way down from around 1,400 over the past five days, dropping more than 30%. This sell-off really hasn’t let up.
That said, breaking 961 doesn’t mean you should jump ship right away.
The entry zone I marked in my post was 895–933, and we’re not there yet.
The stop-loss level at 872 hasn’t been breached either.
At this price, chasing shorts isn’t worth it, and it’s too early to buy the dip—neither side has much going for it.
My view hasn’t changed: wait.
If it gets back above 961, that would count as a false breakdown, and we can reassess. If it keeps grinding lower, 895–933 is where I’d be willing to step in.
If it really falls below 872, I’ll admit I was wrong about this altcoin setup and walk away.
ZEC has fallen harder than the broader market this time around. Even a hot privacy narrative can’t withstand liquidity being drained from the market.
Before tonight’s PPI release, if the broader market stays quiet, ZEC will probably keep grinding along with it.
This is my personal analysis, not investment advice.
#ZEC
In the post I wrote yesterday at 17:14, I said that after ZEC broke below 1,000, the first support was at 961, the next at 933, and below that, 895.
Just checked again: ZEC is now hovering around 950, and 961 has already been breached.
It’s slid all the way down from around 1,400 over the past five days, dropping more than 30%. This sell-off really hasn’t let up.
That said, breaking 961 doesn’t mean you should jump ship right away.
The entry zone I marked in my post was 895–933, and we’re not there yet.
The stop-loss level at 872 hasn’t been breached either.
At this price, chasing shorts isn’t worth it, and it’s too early to buy the dip—neither side has much going for it.
My view hasn’t changed: wait.
If it gets back above 961, that would count as a false breakdown, and we can reassess. If it keeps grinding lower, 895–933 is where I’d be willing to step in.
If it really falls below 872, I’ll admit I was wrong about this altcoin setup and walk away.
ZEC has fallen harder than the broader market this time around. Even a hot privacy narrative can’t withstand liquidity being drained from the market.
Before tonight’s PPI release, if the broader market stays quiet, ZEC will probably keep grinding along with it.
This is my personal analysis, not investment advice.
#ZEC
