ZEC pulling back 6% after a massive run — but look at the bigger picture: daily RSI at 74.4 and price is still 100%+ above SMA99 📊
The 4H chart shows a pullback within a strong uptrend. Volume declining at 0.6x suggests sellers are not aggressive — this looks like healthy profit-taking, not a trend reversal. But the 4H RSI at 58.2 is sitting in that awkward middle zone where either direction is possible.
📋 Trade Plan (SHORT — mean reversion):
• Entry: $1,101 – $1,160
• Stop Loss: $1,249 (above recent swing high — if price reclaims this, bears are wrong)
• TP1: $1,068 | TP2: $1,035 | TP3: $991
• Risk/Reward: 0.5R
⚠️ Counter-trend trade: the daily trend is still bullish. This is a quick scalp on the pullback, not a reversal bet. Take profits fast.
🎯 ZEC at $1,130 — buying the dip or shorting the top? What is your read? 👇
#ZEC #Crypto #DYOR
⚠️ Disclaimer: This is not financial advice. Crypto is extremely volatile. Always DYOR and manage your risk. Past performance does not guarantee future results.