Market Pulse Daily

Almost every chart post on Square mentions support and resistance. If you're newer to trading, those words can sound like jargon. They're actually the simplest and most useful tools in technical analysis. Here are five rules, explained with charts from this week.
What they mean
Support is a price area where buyers have repeatedly stepped in and stopped a fall. Resistance is an area where sellers have repeatedly stepped in and stopped a rise. They work because traders remember those prices: people who missed a bounce wait to buy there next time, and people stuck at a top wait to sell when price gets back to break-even.
Rule one: think in zones, not lines
Price rarely turns at an exact number. Look at $ENA in the cover chart: its ceiling isn't one price, it's a band from 0.213 to 0.2165. Drawing zones instead of thin lines stops you from getting faked out by a small wick.
Rule two: more touches means a more important level
Ethena has hit that 0.213-0.2165 band three times since Oct 21 and been rejected each time. That makes it a level the whole market is watching. But there's a twist: every retest also uses up some of the sellers sitting there, so a level tested many times can eventually give way.
Rule three: broken resistance often becomes support
This is called a role reversal, or a flip. When price breaks above a ceiling, the buyers who missed it often wait for a pullback to that same area. Zcash showed this nicely this week: the 1,239-1,268 area capped it for days, then after the breakout it became the first support to watch.
Rule four: watch the lows, not just the levels
When price keeps knocking on the same resistance but each dip stops higher than the last, buyers are getting more aggressive. $DOGE is a good example: lows at 0.0748, then 0.0760, then 0.0767, all under the same 0.0801-0.0807 lid. Rising lows under flat resistance often build toward a breakout. Falling highs over flat support often build toward a breakdown.
Rule five: let the candle close
A wick through resistance is not a breakout. Many traders wait for a full candle to close beyond the zone on their chosen timeframe, for example the 4H, before treating it as real. It costs you a little of the move, but it filters out a lot of fake breakouts, especially around big news like today's Fed decision.
Putting it together
Before you look at any trade, mark three things: the nearest support zone, the nearest resistance zone, and whether the lows or highs are trending. On the cover chart, that reads: resistance 0.213-0.2165, support 0.195-0.197, and higher lows. That's a market leaning up but still capped, and a 4H close above 0.2165 is what would change the picture for $ENA .
Support and resistance won't predict the future, but they tell you where the important decisions happen, and where your idea is proven wrong.
Which coin should I break down next with these rules? Drop it in the comments, and follow Market Pulse Daily for daily charts. Not financial advice (NFA).
#TechnicalAnalysis #TradingTips #FOMCWatch
No Binance account yet? Get 20% of your trading fees back 👉 Sign up on Binance

Zcash keeps showing up at the top of Square's Most Searched list, and this week it's up about 7% in a day while much of the market waits on the Fed. If you've seen the ticker everywhere but never looked into it, here's a plain-English guide to what $ZEC is, why privacy coins attract attention, and what the chart is saying.
What is Zcash?
Zcash launched in 2016 as a fork of Bitcoin's codebase. Like Bitcoin, it has a fixed maximum supply of 21 million coins and a halving schedule that cuts new issuance over time. The big difference is privacy. Zcash was one of the first networks to use zero-knowledge proofs (zk-SNARKs) in production, which let the network verify a transaction is valid without revealing who sent it, who received it, or how much moved.
Shielded vs transparent
Zcash privacy is optional. Transparent addresses work like Bitcoin: everything is visible on-chain. Shielded addresses hide the details. Users can also share a viewing key, which lets an auditor or tax advisor see their shielded history without giving them spending power. That selective disclosure is a key reason Zcash is often described as compliance-friendly compared with privacy coins that hide everything by default.
Why is everyone searching it?
A few things tend to drive attention to privacy coins at the same time. First, relative strength: when a coin rises while Bitcoin moves sideways, traders notice and start searching. Second, the privacy narrative itself. As more of daily life moves on-chain, people are asking how much of their financial history should be public forever. Third, momentum feeds on itself on social platforms. A coin trending on Square gets more posts, which brings more searches, which keeps it trending.
None of that guarantees the move continues. Search spikes often show up near local tops as well as at the start of trends, so it's worth pairing the hype with the chart.
What the chart says
On the 4H chart, Zcash has printed higher lows since Oct 24 and just broke above the 1,268 lower high. Both the 20 and 50 EMAs have turned up under price, a sign the short-term trend has flipped bullish.
Key levels to watch:
Flip zone: 1,239-1,268. The old ceiling is now the first support.
Base: 1,176-1,188. Losing this would cancel the higher-low structure.
Supply: 1,327-1,368. This is where the Oct 21 rally reversed, so sellers may return here.
RSI is around 67, close to overbought. A pullback toward 1,268 that holds would be healthier than a straight vertical run.
Risks to keep in mind
Privacy coins face more regulatory scrutiny than most assets, and some platforms in some regions have restricted them in the past. They can also move much faster than large caps in both directions. And today's Fed decision at 18:00 UTC can override any single-coin chart for a few hours.
Bottom line
Zcash combines a Bitcoin-style fixed supply with optional, auditable privacy, and right now it has both attention and a bullish 4H structure. The level that decides the next move for $ZEC is 1,268: hold it and 1,368 is in play, lose it and the range returns.
Do you think privacy will be one of the big narratives of this cycle? Share your view in the comments and follow Market Pulse Daily for daily levels. Not financial advice (NFA).
#Zcash #PrivacyCoins #FOMCWatch
No Binance account yet? Get 20% of your trading fees back 👉 Sign up on Binance