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After reviewing the candles from these three days, the dump and the lift used different amounts of volume.


At 05:00, it plunged to 800.94 on volume 2.04 times the average.
It was pushed up for thirteen hours, and not one candle had volume above 1 times the average.
From 800.94 to 919.44, that’s a move of 118.5.
The last six candles had volumes of 0.42, 0.45, 0.58, 0.42, and 0.54.
The higher it gets, the fewer buyers are stepping in.
Here are the numbers: chasing a long now with a stop-loss at 900 means risking 19.44.
The first target is 929.89, for a gain of just 10.45—a risk/reward ratio of 0.54.
There’s still a pile of underwater positions overhead between 928 and 930.
I’m not taking this trade; I’d just be holding the bag for someone else.
Let’s talk once $ZEC gets above 929.89; if it can’t hold, it’ll plunge again.
(Not investment advice. Trade at your own risk.)
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ZECZEC+1.29%


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