$ZEC Lost The Trendline, Now Below 1K 📉
Yesterday 1,143 was the line to hold. Daily candle sliced straight through it and the 1,044 - 1,070 demand zone, now trading around 972.
🔴 1,143 (broken trendline)
🔴 1,044 (old demand, now resistance)
🟢 947 support
🟢 ~900 where the falling and rising trendlines meet
🟢 800 if that gives way
My read: no catching knives here. I want to see 947 or the 900 confluence hold with a reaction before looking long. A daily reclaim of 1,044 flips it back.
The risk: lose 900 and there's not much until 800.
Where does $ZEC find a floor? 👇
$ZEC
#dyor
Yesterday 1,143 was the line to hold. Daily candle sliced straight through it and the 1,044 - 1,070 demand zone, now trading around 972.
🔴 1,143 (broken trendline)
🔴 1,044 (old demand, now resistance)
🟢 947 support
🟢 ~900 where the falling and rising trendlines meet
🟢 800 if that gives way
My read: no catching knives here. I want to see 947 or the 900 confluence hold with a reaction before looking long. A daily reclaim of 1,044 flips it back.
The risk: lose 900 and there's not much until 800.
Where does $ZEC find a floor? 👇
$ZEC
#dyor
