$ZEC has already hit a new all-time high! Will it keep rising? At what level can you still take a trend trade?
Sister Su believes the medium-term outlook is still bullish, but the short term needs to digest gains. From the daily chart, the low near 185 has climbed all the way to 1052, a huge increase, which is a classic main upward wave. ZEC's current price has pulled back to around 1009, and it is still above all important moving averages, with the bullish alignment intact. The blue upward trendline in the chart is intact, and the price is moving along the trend. It is currently oscillating roughly in the 0%-23.6% area, without a deep retracement. The medium-term uptrend has not been broken, and the structure remains bullish.
Right now, Sister Su has identified several levels! Existing long positions can continue to be held, and the stop loss can be raised below 980-1000 to let profits run. It is not recommended to chase higher if you are flat. Wait for a pullback to around 1000 or for the trendline to confirm support, then consider entering with a small position. Reference targets are the 1100-1200 area after breaking above the prior 1050 high; key downside defense levels are 1000 and the trendline.
#ZEC续刷历史新高 #ZEC续刷历史新高
Positions have already been planned in advance. If you want to follow along, come down to the chat room below ⬇️⬇️!
Sister Su believes the medium-term outlook is still bullish, but the short term needs to digest gains. From the daily chart, the low near 185 has climbed all the way to 1052, a huge increase, which is a classic main upward wave. ZEC's current price has pulled back to around 1009, and it is still above all important moving averages, with the bullish alignment intact. The blue upward trendline in the chart is intact, and the price is moving along the trend. It is currently oscillating roughly in the 0%-23.6% area, without a deep retracement. The medium-term uptrend has not been broken, and the structure remains bullish.
Right now, Sister Su has identified several levels! Existing long positions can continue to be held, and the stop loss can be raised below 980-1000 to let profits run. It is not recommended to chase higher if you are flat. Wait for a pullback to around 1000 or for the trendline to confirm support, then consider entering with a small position. Reference targets are the 1100-1200 area after breaking above the prior 1050 high; key downside defense levels are 1000 and the trendline.
#ZEC续刷历史新高 #ZEC续刷历史新高
Positions have already been planned in advance. If you want to follow along, come down to the chat room below ⬇️⬇️!
