IS $ZEC PREPARING FOR A MAJOR REBOUND? 📉🤔
Look at this sharp drop on the 15-minute chart—$ZEC has corrected -11.54%, falling to 577.75.
The selling pressure pushed the price down from a local high of 612.00, testing a quick support floor at 570.68. It is currently trying to stabilize below the short-term MA7 (581.63) and MA25 (594.26) lines. Volume is still active with $149.97M traded over the last 24 hours.
My Position: Personally, I have not bought or taken any entry on 'ZEC' yet. I am calmly watching this support level to see if the chart stabilizes first before making any moves.
Are you buying this $ZEC dip right now, or waiting for a clearer trend reversal? Share your thoughts below! 👇
ZEC
658.57
+4.73%