2026-01-07 13:07:39

$ZEC Evening thoughts: ZEC experienced a sharp decline with increased volume intraday, dipping to around 476.4 before quickly bouncing back. The long lower shadow indicates that buying support is beginning to enter, and panic selling has largely been released. The Bollinger Bands' lower band is leveling out, suggesting a need for a correction toward the middle band. It is currently trading below the zero line, but the bearish momentum is gradually diminishing, showing signs of bottoming out.

ZEC is bullish around 482
Targets: 495, 508, 520
Stop loss: 472

A sharp decline does not confirm a trend but rather a reshuffling of chips.
In evening trading, areas where prices stop falling are where short-term opportunities emerge.
Stay steady and follow the structure to catch rebounds.

ZEC-4,91%

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