⚡️ $ZEC IS TESTING A MAJOR BREAKOUT ZONE
$ZEC has been moving hard, but what interests me now is the structure around $1,590–$1,600.
Price recently pushed into this area after a massive move from the lower levels, and trading activity is anything but quiet.
Spot volume is above $1B, while ZEC futures volume has crossed $9B with open interest around $3B.
That tells me there is serious positioning around this move.
I’m not interested in chasing a green candle here.
The cleaner setup is a confirmed break above $1,600 followed by a successful retest.
LONG ENTRY: $1,600–$1,630
STOP LOSS: $1,515
TP1: $1,700
TP2: $1,800
TP3: $1,950
The key level is $1,600.
If buyers turn that resistance into support, the next expansion could come quickly.
But if $1,600 keeps rejecting price and $1,515 breaks, I’d rather stay out than force the trade.
$ZEC has already made the big move.
Now I want to see whether buyers can prove they still have control at the breakout zone.
Not a recommendation to buy or sell. Manage risk and do your own research.
$ZEC has been moving hard, but what interests me now is the structure around $1,590–$1,600.
Price recently pushed into this area after a massive move from the lower levels, and trading activity is anything but quiet.
Spot volume is above $1B, while ZEC futures volume has crossed $9B with open interest around $3B.
That tells me there is serious positioning around this move.
I’m not interested in chasing a green candle here.
The cleaner setup is a confirmed break above $1,600 followed by a successful retest.
LONG ENTRY: $1,600–$1,630
STOP LOSS: $1,515
TP1: $1,700
TP2: $1,800
TP3: $1,950
The key level is $1,600.
If buyers turn that resistance into support, the next expansion could come quickly.
But if $1,600 keeps rejecting price and $1,515 breaks, I’d rather stay out than force the trade.
$ZEC has already made the big move.
Now I want to see whether buyers can prove they still have control at the breakout zone.
Not a recommendation to buy or sell. Manage risk and do your own research.
