$ZEC - LONG conviction building (x20)
Unpopular opinion: $ZEC sitting just above its 200 EMA is not a breakout yet
Price is only 0.5% above the 200 EMA on the 30-minute chart, which means the trend has barely started. Funding at 0.01% shows longs paying shorts, so holding the long side costs money each period. The stop sits 1.4% from entry, and a slip back under 1157.98 would undercut the whole read.
TRADE PLAN
Entry zone: 1157.98 - 1161.04 (ref 1159.05)
TP1: 1177 (+1.55%)
TP2: 1190 (+2.67%)
TP3: 1203 (+3.79%)
Stop loss: 1142.9 (-1.39%)
⚠️ Personal market insight, not investment advice. DYOR.
Unpopular opinion: $ZEC sitting just above its 200 EMA is not a breakout yet
Price is only 0.5% above the 200 EMA on the 30-minute chart, which means the trend has barely started. Funding at 0.01% shows longs paying shorts, so holding the long side costs money each period. The stop sits 1.4% from entry, and a slip back under 1157.98 would undercut the whole read.
TRADE PLAN
Entry zone: 1157.98 - 1161.04 (ref 1159.05)
TP1: 1177 (+1.55%)
TP2: 1190 (+2.67%)
TP3: 1203 (+3.79%)
Stop loss: 1142.9 (-1.39%)
⚠️ Personal market insight, not investment advice. DYOR.