I’m looking at $ZEC around 828.10, and the short-term chart looks a bit fragile. Price bounced from the 827.34 area but then faded from the recent push near 829.63–830.
For me, the key area is 827.34–828.10. If price holds this zone and starts reclaiming the nearby resistance, I’d be more interested in a long. The MA60 at 831.04 is still above price, so I wouldn’t chase unless momentum improves.
📍 Entry: 827.50–828.20
🎯 TP1: 829.63
🎯 TP2: 830.39
🎯 TP3: 831.04
🛑 Invalidation: 827.34
The main concern is that price is currently below the MA60 (831.04) and the recent bounce has already started losing momentum. If sellers take out the visible 827.34 low, the setup no longer looks attractive to me.
If price loses 827.34, I’d step away from this setup because that would break the visible short-term low I’m using as support.
I’m watching the reaction around 827.34–828.10 rather than forcing an entry. Confirmation matters more than chasing a bounce.
For me, the key area is 827.34–828.10. If price holds this zone and starts reclaiming the nearby resistance, I’d be more interested in a long. The MA60 at 831.04 is still above price, so I wouldn’t chase unless momentum improves.
📍 Entry: 827.50–828.20
🎯 TP1: 829.63
🎯 TP2: 830.39
🎯 TP3: 831.04
🛑 Invalidation: 827.34
The main concern is that price is currently below the MA60 (831.04) and the recent bounce has already started losing momentum. If sellers take out the visible 827.34 low, the setup no longer looks attractive to me.
If price loses 827.34, I’d step away from this setup because that would break the visible short-term low I’m using as support.
I’m watching the reaction around 827.34–828.10 rather than forcing an entry. Confirmation matters more than chasing a bounce.