MyCryptoParadise

ZEC/USDT Getting rejection, Keep an eye on the demand area!!

BINANCE:ZECUSDT   Zcash / TetherUS
πŸ’Ž ZEC has recently encountered significant developments in the market. Currently, ZEC is facing a critical resistance area. If ZEC experiences a strong rejection of this resistance, it may retreat and retest the demand area.

πŸ’Ž However, if ZEC successfully breaks above this resistance, it could signal bullish momentum and lead to a significant upward movement, possibly reaching our target at the bearish OB area.

πŸ’Ž If ZEC retraces to retest the demand area after failing to break the key resistance, it's crucial for the price to bounce from this level and resume its upward trajectory in an attempt to break the resistance once again.

πŸ’Ž However, if ZEC fails to bounce at the demand area and instead breaks down, it would indicate a bearish signal. This could lead to a continuation of the downward movement, with the price potentially decreasing further.






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