$ZEC is down 9% today, crashing from $1,698 to $1,206. The RSI is sitting at 25 — deeply oversold.
For a token that has pumped over 800% in a year, this is a violent but necessary shakeout. $1,200 is a major psychological support level. The 24h low at $1,194 is holding for now.
Trade the bounce: Long here at $1,200-$1,210. Stop loss tightly below $1,194. First target $1,350, second target $1,500.
This is a high-risk, high-reward setup. Catch the oversold bounce, but respect the stop loss. Do not use heavy leverage.
Are you buying this dip or waiting for a bigger flush? 🚀
For a token that has pumped over 800% in a year, this is a violent but necessary shakeout. $1,200 is a major psychological support level. The 24h low at $1,194 is holding for now.
Trade the bounce: Long here at $1,200-$1,210. Stop loss tightly below $1,194. First target $1,350, second target $1,500.
This is a high-risk, high-reward setup. Catch the oversold bounce, but respect the stop loss. Do not use heavy leverage.
Are you buying this dip or waiting for a bigger flush? 🚀