that flush was nasty, but ZEC still wants another fight higher. the price got smacked down, bounced around support, and the upside structure on bigger picture is still alive.
Entry: 1506.92 - 1527.58
TP1: 1573.00
TP2: 1679.98
SL: 1484.34
The 15m is messy as hell, with lower highs and lower lows still showing, but buyers keep showing up underneath the sell pressure. The 1h is cooling off too, yet the move hasn't completely fallen apart. Short positioning is sitting heavy around the market, which makes the next squeeze interesting.
Then the 4h starts looking much nastier. ZEC is still trading with huge swings, and this pullback has dragged price back toward the lower area while the broader buyer pressure stays alive. If the bounce gets some teeth, 1573.00 is the first target on the board, with 1679.98 sitting much higher. $ZEC doesn't need much fuel to turn this thing violent.
Entry: 1506.92 - 1527.58
TP1: 1573.00
TP2: 1679.98
SL: 1484.34
The 15m is messy as hell, with lower highs and lower lows still showing, but buyers keep showing up underneath the sell pressure. The 1h is cooling off too, yet the move hasn't completely fallen apart. Short positioning is sitting heavy around the market, which makes the next squeeze interesting.
Then the 4h starts looking much nastier. ZEC is still trading with huge swings, and this pullback has dragged price back toward the lower area while the broader buyer pressure stays alive. If the bounce gets some teeth, 1573.00 is the first target on the board, with 1679.98 sitting much higher. $ZEC doesn't need much fuel to turn this thing violent.
