$ZEC is approaching an interesting decision point on the 4H chart. What caught my attention was the speed of the decline. ZEC dropped from the $1,250–$1,260 area toward $1,130, wiping out a significant portion of its recent gains.
There's more to Zcash than its price action. Its privacy-focused technology gives it a different position in the crypto market, and growing institutional attention adds another interesting dimension. The upcoming NU7 upgrade is another development I'm keeping on my radar.
So I am expecting some big movement here. My short-term bias is cautiously neutral with a slight bullish recovery outlook while $1,130–$1,140 remains protected.
If buyers reclaim $1,200 and eventually break $1,230, I'll become more confident about a move toward $1,295–$1,325.
If the recovery gets rejected and $1,130 breaks, I wouldn't rule out another visit to $1,080.
✅LONG SETUP: Buying a confirmed recovery
Entry:$1,160–$1,180
SL:$1,125
TP-1:$1,200
TP-2:$1,230
TP-3:$1,295–$1,325
✅SHORT SETUP: Selling a failed recovery
Entry:$1,200–$1,225
SL:$1,240
TP-1:$1,180
TP-2:$1,140
TP-3:$1,100
For now, I'm waiting patiencelty for the confirmation.
On another hand, I'm also getting ready for Bitget's Trading Club Championship (Hot Coin Special). It is giving us the opportunity to compete for cryptocurrencies like PEPE and a share of the 70,000 USDT reward pool. Definitely worth participating.
What's your take on ZEC right now? Are you looking for a recovery toward $1,300, or do you think another correction is coming first? #Zcash
#ZEC #Macro Insights#
There's more to Zcash than its price action. Its privacy-focused technology gives it a different position in the crypto market, and growing institutional attention adds another interesting dimension. The upcoming NU7 upgrade is another development I'm keeping on my radar.
So I am expecting some big movement here. My short-term bias is cautiously neutral with a slight bullish recovery outlook while $1,130–$1,140 remains protected.
If buyers reclaim $1,200 and eventually break $1,230, I'll become more confident about a move toward $1,295–$1,325.
If the recovery gets rejected and $1,130 breaks, I wouldn't rule out another visit to $1,080.
✅LONG SETUP: Buying a confirmed recovery
Entry:$1,160–$1,180
SL:$1,125
TP-1:$1,200
TP-2:$1,230
TP-3:$1,295–$1,325
✅SHORT SETUP: Selling a failed recovery
Entry:$1,200–$1,225
SL:$1,240
TP-1:$1,180
TP-2:$1,140
TP-3:$1,100
For now, I'm waiting patiencelty for the confirmation.
On another hand, I'm also getting ready for Bitget's Trading Club Championship (Hot Coin Special). It is giving us the opportunity to compete for cryptocurrencies like PEPE and a share of the 70,000 USDT reward pool. Definitely worth participating.
What's your take on ZEC right now? Are you looking for a recovery toward $1,300, or do you think another correction is coming first? #Zcash
#ZEC #Macro Insights#
