#SECHaltsCryptoETFReviewsAmidFundingLapse ๐ข $ZEC | Support Zone Bounce Setup
$ZEC has dropped into an important support area, and personally, Iโm watching this zone for a potential bounce. ๐
Current price: ~$1,310
24H change: ~ -1% to +1.5% depending on the exchange.
After the recent decline, price is now testing lower levels. If this support holds and buyers step in, we could see a recovery toward the $1,350โ$1,400 area first, with stronger momentum potentially opening the door for higher targets.
๐ Recent move:
โข Oct 1: -7.1%
โข Oct 2: -2.6%
โข Oct 3: +0.3%
โข Oct 4: +0.3% to +2.0% depending on the market.
๐ฅ My view: The support zone is interesting for a potential bounce, but confirmation is key. If support breaks decisively, the bullish setup could be invalidated.
Watch the levels. Manage risk. Don't chase. โ ๏ธ
$ZEC has dropped into an important support area, and personally, Iโm watching this zone for a potential bounce. ๐
Current price: ~$1,310
24H change: ~ -1% to +1.5% depending on the exchange.
After the recent decline, price is now testing lower levels. If this support holds and buyers step in, we could see a recovery toward the $1,350โ$1,400 area first, with stronger momentum potentially opening the door for higher targets.
๐ Recent move:
โข Oct 1: -7.1%
โข Oct 2: -2.6%
โข Oct 3: +0.3%
โข Oct 4: +0.3% to +2.0% depending on the market.
๐ฅ My view: The support zone is interesting for a potential bounce, but confirmation is key. If support breaks decisively, the bullish setup could be invalidated.
Watch the levels. Manage risk. Don't chase. โ ๏ธ
