#ZECPlungesOver13% ZEC is now trading around $1,125, extending its pullback after recently trading above the $1,200 level.
A move from $1,200+ toward $1,125 can easily create fear, especially for traders who entered late during the rally. But after such an explosive move, a correction is not necessarily a sign that the entire trend has failed.
Sometimes the market simply needs to reset.
And right now, ZEC is entering a zone where I believe the next reaction could be more important than the size of the recent decline.
$1,125 Is Becoming a Key Psychological Area
The first thing I would watch is