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Zcash quick 4% intraday drop — watch for confirmation

I see a sharp intraday move in ZEC: the price dropped from about $38.72 to $37.15 in the last 5 minutes and from $38.90 to $37.15 over 15 minutes, roughly a 4–4.5% decline.

This looks like a quick sell-off or liquidity event rather than a confirmed trend change; I would watch volume and order-book behavior for confirmation before acting.

Short-term traders could scalp or short if momentum and volume persist; longer-term holders should wait for stabilization or a clear reversal signal.

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Analysis

The rapid 4–4.5% decline within 5–15 minutes suggests a short-term liquidity-driven sell-off or stop-run. Without confirmation from higher volume or follow-through, it may be a transient volatility sp...

Recommendation

Watch and wait for confirmation: if selling continues with elevated volume, consider short-term short/scalp strategies; otherwise, avoid initiating new long positions until stabilization and a clear r...

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.

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