$ZEC Long | Est. PNL +26.5%: Oversold Bounce
Entry zone: 1,007.85 - 1,024.87 USD
Target: 1,290.00 USD (range high)
Invalidation: 4H close below 969.90 USD
Risk/Reward: 1 : 5.9
Est. PNL to target: +26.5% | to invalidation: -4.9% (price move from 1,020.01 USD, before fees and leverage)
WHY THIS LEVEL
▪️ 4H RSI is in the oversold zone
▪️ 4H RSI 23.0 (oversold), EMA 20 is below EMA 50
A 4H close below 969.90 USD cancels the idea. Chart idea only, not a position I hold.
Would you take this one, wait for more, or stay out? Tell us why below.
Not financial advice. Always DYOR.
Like & Follow for Daily Trade Analytics & Insider News. @MistralAK
#ZEC #ZcashFallsBelow$1000ForFirstTimeSinceSeptember #HotCPIDecemberHikePriced
Entry zone: 1,007.85 - 1,024.87 USD
Target: 1,290.00 USD (range high)
Invalidation: 4H close below 969.90 USD
Risk/Reward: 1 : 5.9
Est. PNL to target: +26.5% | to invalidation: -4.9% (price move from 1,020.01 USD, before fees and leverage)
WHY THIS LEVEL
▪️ 4H RSI is in the oversold zone
▪️ 4H RSI 23.0 (oversold), EMA 20 is below EMA 50
A 4H close below 969.90 USD cancels the idea. Chart idea only, not a position I hold.
Would you take this one, wait for more, or stay out? Tell us why below.
Not financial advice. Always DYOR.
Like & Follow for Daily Trade Analytics & Insider News. @MistralAK
#ZEC #ZcashFallsBelow$1000ForFirstTimeSinceSeptember #HotCPIDecemberHikePriced
