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#梗币ETF $ZEC is currently stuck in a high position, repeatedly oscillating. But if you look at the strength of the rebound, it is getting weaker each time. The trading volume is not keeping up, which is typical of a longer losing momentum.
From the graphical structure, it has already turned to a bearish dominance. The market is grinding with time, waiting for opportunities. Once the support below is broken, selling pressure will surge, and a rapid decline is likely to occur.
This level is not suitable for betting on a Rebound. Following the market rhythm, a bearish approach is more reasonable. Some traders have already entered the market in batches according to this logic.
Let's see how the market interprets it, don't be anxious.
Continue to track the trends of cryptocurrencies such as RAVE, CYS, LIGHT, NIGHT, etc.