What do you think guys? 🤔
$ZEC is touching this support zone for the 3rd time now Support: $1,127 ❓
📍 Resistance: $1,375 – $1,400
📍 Mid resistance: $1,280 – $1,290
ZEC has been trading inside this range for a long time. Every time price comes to this level, it bounces. But the more a level gets tested, the weaker it becomes. 👀
In my view, this one can break. Below this support, a lot of liquidity has probably built up, and the market loves to go and grab it. 💧
If price holds $1,127 and shows a strong Bounce reaction, a move back towards $1,280 and then $1,375 is possible.
But If a 4H candle closes below $1,127, liquidity gets swept and the next target is the $1,080 – $1,040 zone.
⚠️ Don't catch the knife. Wait for confirmation o a 4H close or a clear reaction. Don't enter on emotions. 🎯
What's your view, bounce or break? Comment below 👇
#CPITestsDecemberRateOutlook
#ZECUSDT
Not financial advice. DYOR.
$ZEC is touching this support zone for the 3rd time now Support: $1,127 ❓
📍 Resistance: $1,375 – $1,400
📍 Mid resistance: $1,280 – $1,290
ZEC has been trading inside this range for a long time. Every time price comes to this level, it bounces. But the more a level gets tested, the weaker it becomes. 👀
In my view, this one can break. Below this support, a lot of liquidity has probably built up, and the market loves to go and grab it. 💧
If price holds $1,127 and shows a strong Bounce reaction, a move back towards $1,280 and then $1,375 is possible.
But If a 4H candle closes below $1,127, liquidity gets swept and the next target is the $1,080 – $1,040 zone.
⚠️ Don't catch the knife. Wait for confirmation o a 4H close or a clear reaction. Don't enter on emotions. 🎯
What's your view, bounce or break? Comment below 👇
#CPITestsDecemberRateOutlook
#ZECUSDT
Not financial advice. DYOR.
