$ZEC
⚡️ $1,534 Failed, and the Drop Didn't Stop There
Last post i said a hold at $1,534 would be the first sign sellers were tiring. It didn't hold. ZEC is at $1,419.34, down 8.16% today, after tagging a 24h low of $1,357.
Price broke below the EMA 7, 25, 50, and 99 on the 4h in one move. Only the EMA 200 near $1,244 is still below current price, and that's a long way down from here.
There's a real support reference lower on the chart, the $1,041 low from the original breakout run in September. That's the next structural level if this keeps sliding, not a prediction that it gets there.
Bull case: this is a sharp, fast flush and a bounce back toward $1,470–1,530 (the broken EMA cluster) would say buyers are stepping back in.
Risk case: continued closes below $1,420 with no reclaim of those EMAs would say this is a real trend change, not just a pullback.
Does this find a floor soon, or is $1,041 back in play?
Not financial advice, structure and scenarios, not a signal. DYOR.
Happy Hunting!
⚡️ $1,534 Failed, and the Drop Didn't Stop There
Last post i said a hold at $1,534 would be the first sign sellers were tiring. It didn't hold. ZEC is at $1,419.34, down 8.16% today, after tagging a 24h low of $1,357.
Price broke below the EMA 7, 25, 50, and 99 on the 4h in one move. Only the EMA 200 near $1,244 is still below current price, and that's a long way down from here.
There's a real support reference lower on the chart, the $1,041 low from the original breakout run in September. That's the next structural level if this keeps sliding, not a prediction that it gets there.
Bull case: this is a sharp, fast flush and a bounce back toward $1,470–1,530 (the broken EMA cluster) would say buyers are stepping back in.
Risk case: continued closes below $1,420 with no reclaim of those EMAs would say this is a real trend change, not just a pullback.
Does this find a floor soon, or is $1,041 back in play?
Not financial advice, structure and scenarios, not a signal. DYOR.
Happy Hunting!
