๐ $ZEC Hits Oversold Levels โ Watching for a Reversal Setup ๐
$ZEC just dropped nearly -14%, touching the $470 support zone before bouncing slightly to $490. The 4H RSI is sitting at 23, deep in oversold territory โ a level where strong reversal bounces often begin. ๐โก๏ธ
Price is still trading below the MA(7), MA(25), and MA(99), showing bearish pressure, but this zone has historically produced sharp relief rallies. A reclaim of $510โ$520 would be the first bullish signal to watch.
High-risk, high-volatility zone โ but worth keeping on your radar! ๐