$ZEC abis is spiking to $595, now it’s casually correcting to $562–$563. On the smaller timeframes it does look a bit sluggish, but the bigger trend is still solid above the 200 EMA and the 1H Supertrend. This kind of correction looks really healthy for those who want to look for a Long opportunity,
If you’re interested, you can try placing a staged Long order cluster in the support area $555–$560, close to the 1H Supertrend. The initial target is to secure TP1 at $580–$585, then continue to TP2 at $595–$600. A strict SL is mandatory at $545–$548 to stay safe if the Supertrend breaks.
Better not rush to short first though—the push on the larger timeframe is still quite strong. Anyone else waiting for $ZEC in this support area too?
If you’re interested, you can try placing a staged Long order cluster in the support area $555–$560, close to the 1H Supertrend. The initial target is to secure TP1 at $580–$585, then continue to TP2 at $595–$600. A strict SL is mandatory at $545–$548 to stay safe if the Supertrend breaks.
Better not rush to short first though—the push on the larger timeframe is still quite strong. Anyone else waiting for $ZEC in this support area too?