$ZEC reclaims $1,200 this week or my read is wrong.
I’d treat that level as the line in the sand, not chase it. Price is $1,134.38 after an ugly 8.55% daily drop and 11.3% slide in the latest 4h window. RSI at 32 says oversold, but price is still under the 20d and 50d MAs. Bearish stack.
Funding is +0.010%, so longs are still paying while $SOL also looks heavy. That’s not the clean squeeze setup people want to believe. Volume hit $201.74M, but the 4h damage is real. ⚠️
I want $1,200 reclaimed before changing my stance. What am I missing on ZEC? 👀
#ZEC #Trading #CryptoNews
I’d treat that level as the line in the sand, not chase it. Price is $1,134.38 after an ugly 8.55% daily drop and 11.3% slide in the latest 4h window. RSI at 32 says oversold, but price is still under the 20d and 50d MAs. Bearish stack.
Funding is +0.010%, so longs are still paying while $SOL also looks heavy. That’s not the clean squeeze setup people want to believe. Volume hit $201.74M, but the 4h damage is real. ⚠️
I want $1,200 reclaimed before changing my stance. What am I missing on ZEC? 👀
#ZEC #Trading #CryptoNews