ZEC LONG
Updated
Zec just took out last year's low and quickly reclaimed range lows.
- Seems to have broken the short-term bearish structure as well and the volume is picking up.
- If we can make a higher low around the daily block, I'll take a long and look to take it till mid-range as per the setup in the chart.
Context matters so I will keep a close eye on how this one develops over the coming days.
- Seems to have broken the short-term bearish structure as well and the volume is picking up.
- If we can make a higher low around the daily block, I'll take a long and look to take it till mid-range as per the setup in the chart.
Context matters so I will keep a close eye on how this one develops over the coming days.
Note
Approaching buy zone. If this holds then it is an easy long.Note
If the area holds long it. If it doesn't wait for a daily close below .0037 to invalidate the idea. If no closes below occur, wait for the RL to be reclaimed and long it. It's a dead-simple move.
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