$ZEC Currently, its price is at $416.06.
In the last 24 hours, it has dropped by 0.60%.
I hope you catch my drift, let me explain clearly.
The price has already swept liquidity below $400 and is now sitting back above $410 again. Keep in mind, this doesn’t mean it can’t pull back and seek more liquidity down around $380.
But right now, the safest bet is for a correction upwards towards $440/$450. After that, it could drop again because the momentum will weaken, and if it doesn’t break the ceiling at $471, it will fall much lower.
In the short term, you can capitalize on an upward bounce, but first, you need to watch these zones:
Below: The key support is around $404.18. As long as buyers defend that support, there’s life to keep climbing. If it breaks, it’s game over.
Above: The ceiling that’s holding us back is around $418.76; we need to break that wall and consolidate above it to confirm that the bounce is legit.
Confirmation: The real entry would be when it breaks the ceiling, pulls back, and respects that zone, making a shift from resistance to support and rejecting to price lower. That’s where we jump in for the next push straight to $440/$450.
In the last 24 hours, it has dropped by 0.60%.
I hope you catch my drift, let me explain clearly.
The price has already swept liquidity below $400 and is now sitting back above $410 again. Keep in mind, this doesn’t mean it can’t pull back and seek more liquidity down around $380.
But right now, the safest bet is for a correction upwards towards $440/$450. After that, it could drop again because the momentum will weaken, and if it doesn’t break the ceiling at $471, it will fall much lower.
In the short term, you can capitalize on an upward bounce, but first, you need to watch these zones:
Below: The key support is around $404.18. As long as buyers defend that support, there’s life to keep climbing. If it breaks, it’s game over.
Above: The ceiling that’s holding us back is around $418.76; we need to break that wall and consolidate above it to confirm that the bounce is legit.
Confirmation: The real entry would be when it breaks the ceiling, pulls back, and respects that zone, making a shift from resistance to support and rejecting to price lower. That’s where we jump in for the next push straight to $440/$450.