Zcash Drops ~4% in 15 Minutes — Monitor for Follow-through
I see strong intraday movement in Zcash: ZEC fell from about $38.72 to $37.15 in the last 5–15 minutes, a decline of roughly 4–4.5%.
I view this as short-term selling pressure rather than a confirmed trend change; the drop is significant but could be a volatile flush.
I'll monitor volume and price action for follow-through or a quick recovery before taking a new long position.
Analysis
Recommendation
Watch price and intraday volume closely. Avoid initiating new longs until stabilization or a clear support test; consider buying only after confirmation of support or a reversal pattern.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.