ZEC, buy orders set <60
There was a try for a breakout that just failed. The market wasn't ready just yet, thus we are seeing a correction and another test on support. Anything that goes below 60 will hit the bottom trend line followed by the hard support zone. Considering the market stability prior to the crash and low supply there will be a pull back. I'm going to buy anything that goes below 60 with about 10% of my portfolio. My target is at 0.618 fib (72).
The reason I'm playing this market is that I still see a high probability of a trend reversal and if it's very bullish when it crosses the 0.618 fib level I may hold this position longer. If it doesn't play well, I'll cut my losses at 55.
The reason I'm playing this market is that I still see a high probability of a trend reversal and if it's very bullish when it crosses the 0.618 fib level I may hold this position longer. If it doesn't play well, I'll cut my losses at 55.
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