$ZEC
I'm back again.
From around 965, it has been oscillating and rising all the way up. Although there were pullbacks in the middle, the lows kept moving higher. Just now, a huge bullish candlestick suddenly pushed it directly to 1086.08, with volume clearly expanding, a typical breakout acceleration.
After the surge, it did not collapse immediately, but instead moved sideways around 1067-1072. For now, it is still holding relatively steadily around 1070.
The structure is still biased bullish, and the key support for this rally has not been broken. The 24-hour low is 996, the high is 1086, and the range is not small, but the buying support at higher levels is still okay.
Personal action: Long
Entry: Around the current price of 1070, you can open a small long position directly. More conservatively, wait for a pullback to 1060-1065 before adding.
Stop loss: 1035
Take profit: First target 1125, second target 1180-1200, and if it gets stronger, 1250.
Don’t use too much position size. This thing is highly volatile, and a single spike can knock you out.
If it breaks above 1086 and holds, you can consider adding to the position; if it falls below 1045, wait and don’t force it.
I'm back again.
From around 965, it has been oscillating and rising all the way up. Although there were pullbacks in the middle, the lows kept moving higher. Just now, a huge bullish candlestick suddenly pushed it directly to 1086.08, with volume clearly expanding, a typical breakout acceleration.
After the surge, it did not collapse immediately, but instead moved sideways around 1067-1072. For now, it is still holding relatively steadily around 1070.
The structure is still biased bullish, and the key support for this rally has not been broken. The 24-hour low is 996, the high is 1086, and the range is not small, but the buying support at higher levels is still okay.
Personal action: Long
Entry: Around the current price of 1070, you can open a small long position directly. More conservatively, wait for a pullback to 1060-1065 before adding.
Stop loss: 1035
Take profit: First target 1125, second target 1180-1200, and if it gets stronger, 1250.
Don’t use too much position size. This thing is highly volatile, and a single spike can knock you out.
If it breaks above 1086 and holds, you can consider adding to the position; if it falls below 1045, wait and don’t force it.