The wait is over .... Our journey to the upside has begun.
Get ready for $1,700 ...
Remember what I told you about the double touch ? $ZEC has gained strong momentum from $1,100, and now we’re heading toward $1,700 again. Look at yesterday’s 1D candle — it closed in a very strong position. This is the kind of strength I was waiting to see.
Now the interesting part is the liquidity sitting above. A lot of short traders could have their stop-losses around the previous high near $1,700. If buyers keep pushing the price upward, those stop-losses could become liquidity for the next move.
$1,700 is the level I’m watching closely. First, let’s see how $ZEC reacts when it reaches that area. If the buying momentum stays strong, we could see a liquidity sweep and possibly an even bigger move.
Get ready for $1,700 ...
Remember what I told you about the double touch ? $ZEC has gained strong momentum from $1,100, and now we’re heading toward $1,700 again. Look at yesterday’s 1D candle — it closed in a very strong position. This is the kind of strength I was waiting to see.
Now the interesting part is the liquidity sitting above. A lot of short traders could have their stop-losses around the previous high near $1,700. If buyers keep pushing the price upward, those stop-losses could become liquidity for the next move.
$1,700 is the level I’m watching closely. First, let’s see how $ZEC reacts when it reaches that area. If the buying momentum stays strong, we could see a liquidity sweep and possibly an even bigger move.