ZEC/USD just hit a key support level. Worth watching closely to see if we get a bounce from here. Could be a decent long entry if the support holds and we see confirmation of reversal momentum. Risk management is key at these levels.
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BearMarketBro
· 12-05 15:49
This position for ZEC is indeed crucial, but I don't think the probability of a rebound is high... We need to wait for a stronger confirmation signal.
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GovernancePretender
· 12-05 15:33
Has the support level rebounded yet? We'll have to see how the next few candlesticks perform.
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FalseProfitProphet
· 12-05 15:32
Can ZEC really rebound at this level? It feels like we say this every time, but what’s the result...
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MidnightGenesis
· 12-05 15:27
On-chain data shows that ZEC is indeed at a key support level, but it depends on whether trading volume can keep up... My observation is that this kind of rebound is often a bull trap. I just monitored contract changes late at night, and it's worth noting that market liquidity is still very weak.
ZEC/USD just hit a key support level. Worth watching closely to see if we get a bounce from here. Could be a decent long entry if the support holds and we see confirmation of reversal momentum. Risk management is key at these levels.