🔥 BULLISH: $ZEC hit an eight-year high at $836 as Grayscale’s latest filing advanced its spot ETF conversion.
$ZEC is in a strong higher-timeframe trend, but entering right as lower-timeframe MACD momentum is cooling off opens you up to unnecessary chop. If it pulls back down toward $769 and holds, the risk is much easier to manage. If it rips straight past $820 without a dip, letting it go is totally fine.
Entry: $769.38 (waiting for a retest of the lower consolidation boundary)
Stop Loss: $718.10 (below structural support)
TP1: $820.66 (retest of local range resistance)
TP2: $860.28 (retest of major local peak)
#zec #AnthropicIPOCouldTopSpaceXRecordReportsSay #analysis
$ZEC is in a strong higher-timeframe trend, but entering right as lower-timeframe MACD momentum is cooling off opens you up to unnecessary chop. If it pulls back down toward $769 and holds, the risk is much easier to manage. If it rips straight past $820 without a dip, letting it go is totally fine.
Entry: $769.38 (waiting for a retest of the lower consolidation boundary)
Stop Loss: $718.10 (below structural support)
TP1: $820.66 (retest of local range resistance)
TP2: $860.28 (retest of major local peak)
#zec #AnthropicIPOCouldTopSpaceXRecordReportsSay #analysis