A red candle on ZEC does not always mean a cheap entry.
Price: 1,362.34 · 24h -12.63% · Vol 360M USDT.
ZEC was pulled onto the radar by a scanner due to unusual volume/movement, not a call to buy.
I haven’t assigned a story too early; for now I’m only looking at the volume, the price zone, and the reaction after the move. -12.63% is a drop strong enough to lure the dip-buyers. But with this kind of setup, the reaction around 1,356 matters more than the feeling of "it’s cheap now." If it breaks further, the knife can still fall.
I want to see weak selling pressure returning around 1,356, or a clearer reclaim of 1,599.73. Catching the bottom just because "it has dropped a lot" is usually the riskiest part.
Dip buy or wait for confirmation?
#ZEC #DipBuying #RiskManagement