1500 again? 💰
I think this chart is starting to give us the answer.
I’ve been waiting for this exact setup for days. $ZEC finally gave the breakout, and instead of immediately losing it, price is now holding the breakout area around $1,360–$1,365 as support.
That’s the part I like most.
We’re getting the pullback I was waiting for, but sellers still aren’t able to push price back below the breakout properly. It’s moving slowly right now, but the structure is still holding.
And above us, I’m still watching the $1,500–$1,550 area, where a large amount of short-side liquidity is sitting. I’ve been saying for a while that I expect ZEC to eventually go after that liquidity before the next major move.
My plan remains same on $ZEC
TP: $1,500
SL: $1,332
The slow part doesn’t bother me. In fact, I’d rather see ZEC hold support calmly than give one random green candle and immediately dump back.
I think this chart is starting to give us the answer.
I’ve been waiting for this exact setup for days. $ZEC finally gave the breakout, and instead of immediately losing it, price is now holding the breakout area around $1,360–$1,365 as support.
That’s the part I like most.
We’re getting the pullback I was waiting for, but sellers still aren’t able to push price back below the breakout properly. It’s moving slowly right now, but the structure is still holding.
And above us, I’m still watching the $1,500–$1,550 area, where a large amount of short-side liquidity is sitting. I’ve been saying for a while that I expect ZEC to eventually go after that liquidity before the next major move.
My plan remains same on $ZEC
TP: $1,500
SL: $1,332
The slow part doesn’t bother me. In fact, I’d rather see ZEC hold support calmly than give one random green candle and immediately dump back.