Are you trying to catch the knife on this $ZEC dump, or did you realize the bears are just letting you think this floor is safe?
Open 1000502224_2.jpg. After getting absolutely wrecked from the 426.62 top, the price action finally slammed into a local support floor at 423.78.
We are hanging right around 423.89. The selling volume has completely cooled off, leaving the price moving sideways in a tight, risky consolidation zone.
If buyers can pull a sudden volume spike out of nowhere, we could see a quick relief bounce back up toward 424.89. If 423.78 cracks on this candle, the next leg down is going to be violent. Watch the close.