Feels like the $ZEC shakeout is pretty much over! That sell-off was pretty aggressive, but look where buyers finally started stepping in — right around $1,260–$1,270.
Sellers had their chance to push this much lower, but the downside momentum is starting to lose its strength. That’s what makes this area worth taking a risk on.
I’m not waiting for $ZEC to reclaim $1,280 and print a massive green candle before getting involved. By then, everyone will be chasing again.
I’m opening BIG LONG here.
TP: $1,320
SL: $1,250
First I want to see $1,280 back. If buyers keep pushing, $1,320is the next stop.
Let’s see if the bears finally run out of ammunition.
Sellers had their chance to push this much lower, but the downside momentum is starting to lose its strength. That’s what makes this area worth taking a risk on.
I’m not waiting for $ZEC to reclaim $1,280 and print a massive green candle before getting involved. By then, everyone will be chasing again.
I’m opening BIG LONG here.
TP: $1,320
SL: $1,250
First I want to see $1,280 back. If buyers keep pushing, $1,320is the next stop.
Let’s see if the bears finally run out of ammunition.
