Your screen shows roughly $1,420, down 9.28%.
After the huge September run, this kind of pullback was always possible. And today there's another interesting development: Valour launched a Zcash ETP on the Swedish Spotlight Stock Market.
So the story is weirdly mixed.
Institutional access is expanding, while traders are taking leverage off the table.
That's why I wouldn't try to guess the next candle.
Let ZEC find its balance first.
After a move this violent, the next good setup may come from the reaction to the sell-off, not from chasing the bounce. $ZEC
Not financial advice. Do your own research and manage your risk.
After the huge September run, this kind of pullback was always possible. And today there's another interesting development: Valour launched a Zcash ETP on the Swedish Spotlight Stock Market.
So the story is weirdly mixed.
Institutional access is expanding, while traders are taking leverage off the table.
That's why I wouldn't try to guess the next candle.
Let ZEC find its balance first.
After a move this violent, the next good setup may come from the reaction to the sell-off, not from chasing the bounce. $ZEC
Not financial advice. Do your own research and manage your risk.