๐ Paradisers, turn your attention to
ZECUSDT
as it unfolds a key movement in the market. Trading in a demand zone, it is aligning itself for a likely bullish progression.
๐ Recently, #ZCASH demonstrated respect for the internal supply level at $34.76, encountering it for the third time before initiating a downward trajectory. Currently, It is holding above the trendline. An intriguing aspect to note is that despite facing strong rejections from the supply zone, $ZEC has not breached its previous low, hinting at a robust potential for an upward movement.
๐ However, in the ever-changing terrain of cryptocurrency trading, #ZEC traders must be prepared for diverse scenarios. If $ZEC struggles to maintain its bullish course and falls below the current demand level of $29.72, a change in market direction might be imminent. Traders might then need to adjust their strategies, focusing on a bullish resurgence from the support level of $28.61.
๐ Importantly, should #ZEC descend below this secondary demand level, it would necessitate a critical reassessment. Such a turn of events could suggest difficulties in sustaining the bullish trend, calling for a strategic reevaluation and adaptation of trading approaches. ๐ด๐ฐ
๐ Recently, #ZCASH demonstrated respect for the internal supply level at $34.76, encountering it for the third time before initiating a downward trajectory. Currently, It is holding above the trendline. An intriguing aspect to note is that despite facing strong rejections from the supply zone, $ZEC has not breached its previous low, hinting at a robust potential for an upward movement.
๐ However, in the ever-changing terrain of cryptocurrency trading, #ZEC traders must be prepared for diverse scenarios. If $ZEC struggles to maintain its bullish course and falls below the current demand level of $29.72, a change in market direction might be imminent. Traders might then need to adjust their strategies, focusing on a bullish resurgence from the support level of $28.61.
๐ Importantly, should #ZEC descend below this secondary demand level, it would necessitate a critical reassessment. Such a turn of events could suggest difficulties in sustaining the bullish trend, calling for a strategic reevaluation and adaptation of trading approaches. ๐ด๐ฐ
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Follow a team of traders with 10+ years of experience?
Join FREE๐ t.me/+QwK2mkoTGBU0Nzc0
๐๏ธOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals ๐ shorturl.at/ikpAV