Gave the whole spike back on $ZEC .
That 4h candle tagged 1388 and closed near 1350, then sellers just chewed it down all weekend. Sitting around 1262 now, under both the EMA20 near 1287 and the EMA50 near 1275.
For me 1250 is the first line. Lose that and 1233 from earlier this week gets tested, then the 1190 shelf.
Nothing flips until a 4h close back over 1290. Over that I'm watching 1350 again as the real lid.
That 4h candle tagged 1388 and closed near 1350, then sellers just chewed it down all weekend. Sitting around 1262 now, under both the EMA20 near 1287 and the EMA50 near 1275.
For me 1250 is the first line. Lose that and 1233 from earlier this week gets tested, then the 1190 shelf.
Nothing flips until a 4h close back over 1290. Over that I'm watching 1350 again as the real lid.
