Recently, this wave of market movement is quite interesting. On November 24th, in the early morning, it plummeted from a high point of over 715, but fortunately stabilized around 470. Now the price has climbed back above the middle band of the Bollinger Bands, and the middle band has started to rise - this usually indicates that short-term momentum is recovering.
Current stage? The rebound is in progress.
🎯If you want to layout
You can consider entering long positions in batches within the range of 573-567, and avoid going all in at once. The first target is 580-585. If it stabilizes at this position, it could even reach 590 or 600. Of course, the premise is that the overall market $ZEC ($BTC and these $ETH don't suddenly underperform.
Recently, there are signs of a loosening attitude towards cryptocurrency regulation from the SEC in the United States. In this environment, altcoins may have structural opportunities. However, technical analysis is one thing, but position management still needs to be done well.
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Recently, this wave of market movement is quite interesting. On November 24th, in the early morning, it plummeted from a high point of over 715, but fortunately stabilized around 470. Now the price has climbed back above the middle band of the Bollinger Bands, and the middle band has started to rise - this usually indicates that short-term momentum is recovering.
Current stage? The rebound is in progress.
🎯If you want to layout
You can consider entering long positions in batches within the range of 573-567, and avoid going all in at once. The first target is 580-585. If it stabilizes at this position, it could even reach 590 or 600. Of course, the premise is that the overall market $ZEC ($BTC and these $ETH don't suddenly underperform.
Recently, there are signs of a loosening attitude towards cryptocurrency regulation from the SEC in the United States. In this environment, altcoins may have structural opportunities. However, technical analysis is one thing, but position management still needs to be done well.