As you can see, $ZEC faced rejection, managed to get a small relief pump, and then got rejected once again. The overall market trend remains bearish, and $BTC continues its downside move toward the $50K area, altcoins are likely to come under even more pressure.
That’s why I think opening longs on #ZEC here could be a costly mistake. The structure still favors the bears, and momentum is pointing lower.$ZEC
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