$ZEC Yesterday, the section chief drew a one-hour trend line for everyone and mentioned that as long as it doesn't break below 580-587, we should watch for continued rebound. The lowest point yesterday was 583, then it started to rebound to the 610 level.



First of all, the upward trend line on the 1-hour chart still remains effective. The resistance above is between 630-635. If there is no effective pullback here, we need to see if the price will dip back to the 650 level. Altcoins should open small positions; these kinds of coins will eventually come down, but the trial-and-error process will be very torturous.
ZEC0.19%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • 5
  • Share
Comment
Add a comment
Add a comment
SugarMarketMaker
· 8h ago
The trend line is still there, but knockoff projects will eventually revert.
If around 650 there's a surge in volume and the price stalls, I'll just run away.
No big picture anymore.
View OriginalReply0
GateUser-4590f4c6
· 8h ago
ZEC's trend is so frustrating. Small positions for trial and error are the right approach. When it goes up, I'm afraid of getting stopped out; when it doesn't, it's even more uncomfortable.
View OriginalReply0
QuietExitPlan
· 8h ago
The section chief's trend line drawing is indeed accurate, with 583 precisely caught, but the pressure zone around 630-635 probably won't be easy to break through. Let's observe first.
View OriginalReply0
  • Pin