Zcoin: Key Level to Watch For Buys
Zcoin has been in a correction for a while and since it broke below 0.0073, it looks like we might see a bigger correction developing. Willing to highlight a key level where we should expect the correction to end I use fibonacci and previous structure. At the 0.786 fib retracement level of previous impulse we clearly see looking left that 0.0042 is a significant level where price found previously good resistance. Most likely sellers will flip to buyers adding great support at the level.
Watch for price retracing at 0.0042 and watch for a buy setup completion. Sl should be placed below 0.0015 and tp should be placed at previous impulse's high at around 0.0120
All the best,
John
Watch for price retracing at 0.0042 and watch for a buy setup completion. Sl should be placed below 0.0015 and tp should be placed at previous impulse's high at around 0.0120
All the best,
John
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