$ZEC just bounced hard from $1,053 — but the next move may be more important than the bounce. 👀
ZEC is now around $1,147, after recovering strongly from the $1,053.79 low.
But there's a problem for late longs:
📌 1H RSI: ~76 → short-term momentum is overheated
📌 1H EMA99: ~$1,152 → immediate resistance
📌 4H EMA25: ~$1,149 → price is testing an important area
📌 4H MA25: ~$1,172 → stronger resistance sits higher
The interesting part is that momentum is still recovering, so I wouldn't blindly short this green candle.
My setup:
🔴 If ZEC rejects the $1,150–$1,175 resistance zone and starts making lower highs, a short setup becomes interesting.
🟢 If price breaks above the zone and holds it with volume, the short thesis is invalidated.
In other words, I'm watching the reaction—not trying to predict the candle.
Would you trade the rejection or wait for confirmation?
ZEC is now around $1,147, after recovering strongly from the $1,053.79 low.
But there's a problem for late longs:
📌 1H RSI: ~76 → short-term momentum is overheated
📌 1H EMA99: ~$1,152 → immediate resistance
📌 4H EMA25: ~$1,149 → price is testing an important area
📌 4H MA25: ~$1,172 → stronger resistance sits higher
The interesting part is that momentum is still recovering, so I wouldn't blindly short this green candle.
My setup:
🔴 If ZEC rejects the $1,150–$1,175 resistance zone and starts making lower highs, a short setup becomes interesting.
🟢 If price breaks above the zone and holds it with volume, the short thesis is invalidated.
In other words, I'm watching the reaction—not trying to predict the candle.
Would you trade the rejection or wait for confirmation?