๐จ $ZEC MARKET UPDATE
ZEC took a pretty nasty rejection from $1,699โฆ and now the bulls are having a tough time.
Price is around $1,192 right now.
MA7: $1,315
MA25: $757
MA99: $316
The short-term chart definitely looks weak after that big pullback.
For me, $1,185โ$1,120 is the zone Iโm watching closely.
If ZEC holds this area and gets back above $1,250, Iโd feel much better about a bounce toward $1,315โ$1,400.
But if $1,120 breaks with strong selling, I wouldnโt be surprised to see another move down.
Honestly, Iโd rather wait for ZEC to show some strength than blindly buy the dip. ๐
This is one of those moments where patience matters.
ZEC โ bounce here or another drop first? ๐
$ZEC
DYOR. Not financial advice.
ZEC took a pretty nasty rejection from $1,699โฆ and now the bulls are having a tough time.
Price is around $1,192 right now.
MA7: $1,315
MA25: $757
MA99: $316
The short-term chart definitely looks weak after that big pullback.
For me, $1,185โ$1,120 is the zone Iโm watching closely.
If ZEC holds this area and gets back above $1,250, Iโd feel much better about a bounce toward $1,315โ$1,400.
But if $1,120 breaks with strong selling, I wouldnโt be surprised to see another move down.
Honestly, Iโd rather wait for ZEC to show some strength than blindly buy the dip. ๐
This is one of those moments where patience matters.
ZEC โ bounce here or another drop first? ๐
$ZEC
DYOR. Not financial advice.