$ZEC just bounced off $1298 and the move back toward $1400 can start fast if buyers take one level back
ZEC just flushed to $1298 and buyers are already pushing price back above $1320 I’m not buying the first bounce I will open a long position if ZEC reclaims $1340 and holds it
Entry around $1335 to $1345 after confirmation TP1 $1380 TP2 $1430 TP3 $1460 Stop Loss $1290
If buyers take back $1340 the move toward $1380 can come pretty fast But if ZEC loses $1290 I’m out
The setup I want is simple $1298 sweep → buyers return → $1340 reclaim → long
No reclaim no trade
There is another catalyst behind ZEC right now
Zcash activated its NU7 upgrade on the public testnet earlier than expected and the mainnet upgrade is currently targeted for November
At the same time ZCSH ETF flows have turned weaker with about $93.6M in weekly outflows through October 2
So I’m watching the chart first but the upgrade gives the upside move another reason to get attention