ZEC rebounds and faces resistance at the middle Bollinger Band. The current rally is merely a technical correction after a decline, with no structural support or accompanying volume. It is definitely not a trend reversal signal. The rebound is the best opportunity for shorting.
Trading suggestions Short in the 416-418 range, with the first target at 380-360. If it breaks below 360, continue to look for 320.
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.
ZEC rebounds and faces resistance at the middle Bollinger Band. The current rally is merely a technical correction after a decline, with no structural support or accompanying volume. It is definitely not a trend reversal signal. The rebound is the best opportunity for shorting.
Trading suggestions
Short in the 416-418 range, with the first target at 380-360. If it breaks below 360, continue to look for 320.