ZEC just dropped 7% after an incredible run. The question everyone is asking: dip buy or trend change? 🤔
Here is the data: ZEC is still in an uptrend on the daily (price well above SMA7 at $764 and SMA25 at $576). But the 4H RSI at 52.4 just went neutral — that is the first warning sign. L/S ratio at 0.55 means shorts are HEAVILY positioned, which could fuel a squeeze back up.
📊 Why This Trade?
Privacy coins have been on fire this cycle. ZEC went from ~$500 to $792 in recent weeks — a 58% move. A 7% pullback is normal profit-taking. The daily MACD is still massively positive ($81) with expanding histogram. Volume is normal (1.15x) — not panic selling.
🎯 Trade Plan:
• Entry: $775 – $809 (the current pullback zone near SMA7 4H)
• Stop Loss: $749 (below key support — structure break level)
• TP1: $824 | TP2: $855 | TP3: $887
• Confidence: 64%
The smart play: wait for 4H RSI to dip below 45 and show divergence before entering. Patience pays.
❓ ZEC -7% today — buying the dip or staying on the sidelines? What is your target if you enter? 👇
#ZEC #Privacy #DYOR
⚠️ Disclaimer: This is not financial advice. Crypto is volatile. Always do your own research and manage risk responsibly.
Here is the data: ZEC is still in an uptrend on the daily (price well above SMA7 at $764 and SMA25 at $576). But the 4H RSI at 52.4 just went neutral — that is the first warning sign. L/S ratio at 0.55 means shorts are HEAVILY positioned, which could fuel a squeeze back up.
📊 Why This Trade?
Privacy coins have been on fire this cycle. ZEC went from ~$500 to $792 in recent weeks — a 58% move. A 7% pullback is normal profit-taking. The daily MACD is still massively positive ($81) with expanding histogram. Volume is normal (1.15x) — not panic selling.
🎯 Trade Plan:
• Entry: $775 – $809 (the current pullback zone near SMA7 4H)
• Stop Loss: $749 (below key support — structure break level)
• TP1: $824 | TP2: $855 | TP3: $887
• Confidence: 64%
The smart play: wait for 4H RSI to dip below 45 and show divergence before entering. Patience pays.
❓ ZEC -7% today — buying the dip or staying on the sidelines? What is your target if you enter? 👇
#ZEC #Privacy #DYOR
⚠️ Disclaimer: This is not financial advice. Crypto is volatile. Always do your own research and manage risk responsibly.