$ZEC 🚀 ZEC/USDT: Local overheating or the path to $1350?
The parabolic rally in ZEC continues, but the indicators are sending the first signals of caution. Let’s break down the key levels for taking profit on the 1D chart:
📊 Technical breakdown:
• Current price: ~$1245
• RSI (6): 80.31 — deep overbought zone. The bulls are in control, but the risk of an impulsive correction is increasing.
• Main resistance: $1296 (24h high).
🎯 Take-Profit targets:
1️⃣ $1296 — Remove liquidity from the local maximum (conservative).
2️⃣ $1300 – $1350 — Psychological zone (moderately).
🛡️ Capital protection:
The nearest support is along the dynamic MA7 line ($1154). The risk-control zone is a close below this level.#Write2Earn
The parabolic rally in ZEC continues, but the indicators are sending the first signals of caution. Let’s break down the key levels for taking profit on the 1D chart:
📊 Technical breakdown:
• Current price: ~$1245
• RSI (6): 80.31 — deep overbought zone. The bulls are in control, but the risk of an impulsive correction is increasing.
• Main resistance: $1296 (24h high).
🎯 Take-Profit targets:
1️⃣ $1296 — Remove liquidity from the local maximum (conservative).
2️⃣ $1300 – $1350 — Psychological zone (moderately).
🛡️ Capital protection:
The nearest support is along the dynamic MA7 line ($1154). The risk-control zone is a close below this level.#Write2Earn